Comportamentul financiar al populaţiei în timpul crizei

Autor:	Bogdan CHIRIACESCU, Luminița TĂTĂRICI, Cristina VIŞAN
Jazyk:	angličtina
Rok vydání:	2012
Předmět:	financial stability credit risk panel estimation default Business HF5001-6182 Economic theory. Demography HB1-3840 Economics as a science HB71-74
Zdroj:	Theoretical and Applied Economics, Vol XIX, Iss 5, Pp 137-144 (2012)
Druh dokumentu:	article
ISSN:	1841-8678 1844-0029
Popis:	This paper presents a framework for credit risk modeling of the household sector that follows a top-down approach using panel techniques. The results indicate that the determinants of default on bank loans are unemployment, exchange rate, industrial production, indebtedness and interest rate spreads. It is remarked that default events for the household sector occur with delay in case of adverse macroeconomic developments. There are two possible explanations: i) there is no personal bankruptcy law for individuals, and ii) public administration appears to adjusts slower during recessions, an important part of the work force being part of this system.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/7a7de9c36d3f4ff4b88fbbe7263e5e58 Zobrazit plný text záznamu View record in DOAJ Plný text ve formátu PDF