Household debt – how much is too much?

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Title: Household debt – how much is too much?
Author: Putkuri, Hanna
Organization: Bank of Finland
Series: Bank of Finland. Bulletin
Series volume: 89
Series number: 2/2015
Year of publication: 2015
Publication date: 9.6.2015
Pages: 17-21
Subject (yso): vakaus; velkaantuminen; riskit
Keywords: rahoitusvakaus; kotitaloudet; Suomi; asunnot; luotot
Other keywords: financial stability; households; indebtedness
Abstract: The trends of the early post-millennium years – a larger average loan size and longer loan repayment periods – have permanently increased household vulnerability to debt-related risks in Finland. Household indebtedness embraces another four features that amplify the risks to the economy: the debt level is high relative to GDP, risks are unevenly distributed, loans are tied to variable interest rates and, in part, loans are large relative to the collateral provided. The stabilisation of debt developments in the 2010s has been positive for financial stability.
Link: http://www.bofbulletin.fi/
Rights: https://helda.helsinki.fi/bof/copyright


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