Stress Testing Household Debt in Korea

Stress Testing Household Debt in Korea
Korean household debt has reached 148 percent of disposable income, high by emerging market standards. Most of this debt remains at variable rates, shifting the interest rate risk from better diversified financial institutions to households and increasing their sensitivity to macroeconomic shocks. This paper examines the sources of, and risks from, READ MORE...

Publication date: November 2008
ISBN 9781451871135
$18.00

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