Household debt, heterogeneity and financial stability: Evidence from Kazakhstan
Using a Monte Carlo method and quarterly data from the 2019 Household Expenditure and Income Survey, we examine the resilience of urban and rural households to various shocks, including exchange rate change, changes in asset prices, job losses, and decline in income. Based on the exposure at default...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2023-06-01
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| Series: | Central Bank Review |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S1303070123000148 |