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...

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Dades bibliogràfiques
Autor principal: Nier, Erlend
Altres autors: Popa, Radu, Shamloo, Maral, Voinea, Liviu
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2019.
Col·lecció:IMF Working Papers; Working Paper ; No. 2019/182
Accés en línia:Full text available on IMF