Debt Service and Default: Calibrating Macroprudential Policy Using Micro Data

Debt Service and Default: Calibrating Macroprudential Policy Using Micro Data
We provide empirical evidence to support the calibration of a limit on household indebtedness levels, in the form of a cap on the debt-service-to-income (DSTI) ratio, in order to reduce the probability of borrower defaults in Romania. The analysis establishes two findings that are new to the literature. First, we show that the relationship... READ MORE...

Publication date: August 2019
ISBN 9781513509099
$18.00

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