Structural and Value Dimensions of Household Indebtedness in Bulgaria

Autor:	Evgeniya Tonkova, Svetlana Todorova, Dancho Petrov
Rok vydání:	2020
Předmět:	Financial stability media_common.quotation_subject 05 social sciences Assertion Monetary economics Recession 0502 economics and business Value (economics) Financial crisis Financial sustainability Economics Financial literacy 050207 economics Household debt 050205 econometrics media_common
Zdroj:	Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series. 9:17-25
ISSN:	2603-4085 1314-7390
DOI:	10.36997/ijusv-ess/2020.9.1.17
Popis:	The assertion that household indebtedness is directly related to financial macrostability is considered an axiomatic rule in economic theory. The presence of a high level of indebtedness and sharp increases in its values are considered by experts as an indicator of an impending financial crisis and recession. The study of the dynamics and trends in household debt liabilities changes could answer many questions related to households’ financial stability and the measures that regulators should take. This research issue is particularly relevant in the current economic crisis caused by the global Covid-19 pandemic. The analysis of the structural and value dimensions of household indebtedness provides the necessary basis for studying the financial sustainability of households, with which they enter this challenging period.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::761ed0d5a3af47c56b4385c383384d7f https://doi.org/10.36997/ijusv-ess/2020.9.1.17 Zobrazit plný text záznamu Plný text ve formátu PDF