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 literat...
Autor principal: | |
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Altres autors: | , , |
Format: | Revista |
Idioma: | English |
Publicat: |
Washington, D.C. :
International Monetary Fund,
2019.
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Col·lecció: | IMF Working Papers; Working Paper ;
No. 2019/182 |
Accés en línia: | Full text available on IMF |