Editorial : New instruments are needed to rein in household debt

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Title: Editorial : New instruments are needed to rein in household debt
Author: Nykänen, Marja
Organization: Bank of Finland
Series: Bank of Finland. Bulletin
Series volume: 95
Series number: 1/2021
Year of publication: 2021
Publication date: 4.5.2021
Pages: 3-5
Subject (yso): kotitaloudet (organisaatiot); velkaantuminen; luottotappiot; pankit; vakavaraisuus; asuntolainat; lainat (rahasumma); sääntely; riskit
Keywords: COVID-19; korona; koronapandemia; makrovakaus; velkakatto; makrovakausvälineet
Other keywords: capital adequacy; banks; credit losses; household indebtedness; macroprudential instruments
Abstract: Household behaviour and business activity continue to be very much influenced by the COVID-19 pandemic. The prospects for the economic environment returning to a state of normalcy are improving, however, as vaccine rollouts gather pace in Finland and abroad. The Finnish economy has held up better than feared in the worst-case scenarios envisaged one year ago, and the financial system has continued to function well. The economy's better-than-expected performance can be attributed especially to the policy measures put in place domestically and in the euro area, and to the ability of households and businesses to adjust to the emergency conditions.
Note: The accessible version: https://www.bofbulletin.fi/en/2021/1/new-instruments-are-needed-to-rein-in-household-debt/
Link: http://www.bofbulletin.fi/
Rights: https://helda.helsinki.fi/bof/copyright

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