Household financial vulnerability

Household financial vulnerability

Household indebtedness in Chile has received considerable attention in recent years because of the financial deepening process underway in the economy. Although various macroeconomic indicators show significant increases in the last decade, there are few tools for evaluating the real vulnerability o...

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Autores principales: Fuenzalida, Marcelo, Ruiz-Tagle P., Jaime
Formato: Artículo
Lenguaje:eng
Publicado: Banco Central de Chile 2019
Materias:
RIESGO FINANCIERO
DESEMPLEO
HOGARES
DISTRIBUCIÓN DE RENTAS
Acceso en línea:https://hdl.handle.net/20.500.12580/3765
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spelling oai-20.500.12580-37652021-04-24T11:04:17Z Household financial vulnerability Fuenzalida, Marcelo Ruiz-Tagle P., Jaime RIESGO FINANCIERO DESEMPLEO HOGARES DISTRIBUCIÓN DE RENTAS Household indebtedness in Chile has received considerable attention in recent years because of the financial deepening process underway in the economy. Although various macroeconomic indicators show significant increases in the last decade, there are few tools for evaluating the real vulnerability of this sector from a financial stability perspective. One of these tools is stress testing using microeconomic information. Although households may face a variety of financial risks from a range of sources, the household sector is most sensitive to changes in household income, such as those caused by unemployment (Debelle, 2004a, 2004b). Moreover, household vulnerability to aggregate shocks that raise the unemployment rate will depend on both debt distribution and household characteristics. The heterogeneity of indebtedness levels and income uncertainty calls for microeconomic analysis. 2019-11-01T00:05:01Z 2019-11-01T00:05:01Z 2010 Artículo 978-956-7421-34-3 https://hdl.handle.net/20.500.12580/3765 eng Series on Central Banking, Analysis, and Economic Policies, no. 15 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 299-326 application/pdf CHILE Banco Central de Chile
institution Banco Central
collection Banco Central
language eng
topic RIESGO FINANCIERO
DESEMPLEO
HOGARES
DISTRIBUCIÓN DE RENTAS
spellingShingle RIESGO FINANCIERO
DESEMPLEO
HOGARES
DISTRIBUCIÓN DE RENTAS
Fuenzalida, Marcelo
Ruiz-Tagle P., Jaime
Household financial vulnerability
description Household indebtedness in Chile has received considerable attention in recent years because of the financial deepening process underway in the economy. Although various macroeconomic indicators show significant increases in the last decade, there are few tools for evaluating the real vulnerability of this sector from a financial stability perspective. One of these tools is stress testing using microeconomic information. Although households may face a variety of financial risks from a range of sources, the household sector is most sensitive to changes in household income, such as those caused by unemployment (Debelle, 2004a, 2004b). Moreover, household vulnerability to aggregate shocks that raise the unemployment rate will depend on both debt distribution and household characteristics. The heterogeneity of indebtedness levels and income uncertainty calls for microeconomic analysis.
format Artículo
author Fuenzalida, Marcelo
Ruiz-Tagle P., Jaime
author_facet Fuenzalida, Marcelo
Ruiz-Tagle P., Jaime
author_sort Fuenzalida, Marcelo
title Household financial vulnerability
title_short Household financial vulnerability
title_full Household financial vulnerability
title_fullStr Household financial vulnerability
title_full_unstemmed Household financial vulnerability
title_sort household financial vulnerability
publisher Banco Central de Chile
publishDate 2019
url https://hdl.handle.net/20.500.12580/3765
work_keys_str_mv AT fuenzalidamarcelo householdfinancialvulnerability
AT ruiztaglepjaime householdfinancialvulnerability
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