High housing debt increases risks to financial stability

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Title: High housing debt increases risks to financial stability
Author: Putkuri, Hanna
Organization: Bank of Finland
Series: Bank of Finland. Bulletin
Series volume: 90
Series number: 2/2016
Year of publication: 2016
Publication date: 7.6.2016
Pages: 43-52
Subject (yso): pankit; velkaantuminen; asunnot; luotot; rahoitusmarkkinat; riskit
Keywords: rahoitusvakaus; asuntoluotonanto; kotitaloudet; Suomi
Other keywords: financial stability; housing loans; banks; households; indebtedness
Abstract: Finland’s financial system is, by structure, vulnerable to risks associated with lending for house purchase. Housing loan volumes are large relative to other lending by banks and requirements on banks’ own funds. The fact that household debt levels have increased and that housing wealth constitutes a large proportion of household assets also increases the vulnerabilities. In addition, covered bonds secured by housing loans play a significant role in bank funding and investment. However, the increase in vulnerabilities has largely levelled off in the 2010s.
Link: http://www.bofbulletin.fi/
Rights: https://helda.helsinki.fi/bof/copyright

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