The purpose of this paper is to stress test the resilience of Croatian households with debt to economic shocks. The shocks not only impact a household's welfare, but also increase the probability of loan default. As a result, there is a direct link between these stress-testing exercises and financial stability risks. The authors find that very few households are at risk as a result of the shocks experienced over the past few years; new vulnerable...
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INFORMATION
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2011/12/01
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Document de travail de recherche sur les politiques
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WPS5906
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1
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1
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2011/12/12
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Disclosed
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Stress-testing croatian households with debt -- implications for financial stability
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economic shock
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