Template-Type: ReDIF-Article 1.0
Author-Name: Tamás Balás
Author-Email: balast@mnb.hu
Author-Workplace-Name: Magyar Nemzeti Bank (the central bank of Hungary)
Title: Households: indebtedness and debt service ratio
Abstract: Before the crisis, the over-indebtedness of households represented an ever growing risk. Over the past years, mostly due to a decline in credit demand, but also to some extent because of tighter lending conditions, households have taken a net repayment position. This, together with the option of early repayment at preferential exchange rates, has significantly reduced the portfolio of households’ outstanding foreign currency loans. Against this background, it is worthwhile to investigate the changes in household indebtedness and the debt service burden across various income brackets.
Classification-JEL: G210
Keywords: households, indebtedness, debt  burden
Journal: MNB Bulletin
Pages: 23-27
Volume: 8
Issue: Special
Year: 2013
Month: October
File-URL: http://www.mnb.hu/letoltes/balas.pdf
File-Format: Application/pdf
Handle: RePEc:mnb:bullet:v:8:y:2013:i:Special:p:23-27