Exploring Differences in Household Debt Across the United States and Euro Area Countries
Abstract
Household debt has played a central role in the global financial crisis, yet our understanding of it remains limited. We put U.S. household leverage in an international perspective, using household-level data for the United States and ten euro area economies. U.S. households have the highest prevalence of collateralized and non-collateralized debt, hold comparatively large amounts, and face higher debt-service burdens despite having higher...
Paper Details
Title
Exploring Differences in Household Debt Across the United States and Euro Area Countries
Published Date
Jan 9, 2017
Journal
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