Comportamentul financiar al populaţiei în timpul crizei
This paper presents a framework for credit risk modeling of the household sector that follows a top-down approach using panel techniques. The results indicate that the determinants of default on bank loans are unemployment, exchange rate, industrial production, indebtedness and interest rate spreads...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
General Association of Economists from Romania
2012-05-01
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| Series: | Theoretical and Applied Economics |
| Subjects: | |
| Online Access: |
http://store.ectap.ro/articole/726.pdf
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| _version_ | 1818889520866656256 |
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| author | Bogdan CHIRIACESCU Luminița TĂTĂRICI Cristina VIŞAN |
| author_facet | Bogdan CHIRIACESCU Luminița TĂTĂRICI Cristina VIŞAN |
| author_sort | Bogdan CHIRIACESCU |
| collection | DOAJ |
| description | This paper presents a framework for credit risk modeling
of the household sector that follows a top-down approach using panel
techniques. The results indicate that the determinants of default on bank
loans are unemployment, exchange rate, industrial production,
indebtedness and interest rate spreads. It is remarked that default events
for the household sector occur with delay in case of adverse
macroeconomic developments. There are two possible explanations:
i) there is no personal bankruptcy law for individuals, and ii) public
administration appears to adjusts slower during recessions, an important
part of the work force being part of this system. |
| first_indexed | 2024-12-19T17:10:20Z |
| format | Article |
| id | doaj.art-7a7de9c36d3f4ff4b88fbbe7263e5e58 |
| institution | Directory Open Access Journal |
| issn | 1841-8678 1844-0029 |
| language | English |
| last_indexed | 2024-12-19T17:10:20Z |
| publishDate | 2012-05-01 |
| publisher | General Association of Economists from Romania |
| record_format | Article |
| series | Theoretical and Applied Economics |
| spelling | doaj.art-7a7de9c36d3f4ff4b88fbbe7263e5e582022-12-21T20:13:03ZengGeneral Association of Economists from RomaniaTheoretical and Applied Economics1841-86781844-00292012-05-01XIX513714418418678Comportamentul financiar al populaţiei în timpul crizeiBogdan CHIRIACESCU0Luminița TĂTĂRICI1Cristina VIŞAN2 Bucharest Academy of Economic Studies Bucharest Academy of Economic Studies Bucharest Academy of Economic Studies This paper presents a framework for credit risk modeling of the household sector that follows a top-down approach using panel techniques. The results indicate that the determinants of default on bank loans are unemployment, exchange rate, industrial production, indebtedness and interest rate spreads. It is remarked that default events for the household sector occur with delay in case of adverse macroeconomic developments. There are two possible explanations: i) there is no personal bankruptcy law for individuals, and ii) public administration appears to adjusts slower during recessions, an important part of the work force being part of this system. http://store.ectap.ro/articole/726.pdf financial stabilitycredit riskpanel estimationdefault |
| spellingShingle | Bogdan CHIRIACESCU Luminița TĂTĂRICI Cristina VIŞAN Comportamentul financiar al populaţiei în timpul crizei Theoretical and Applied Economics financial stability credit risk panel estimation default |
| title | Comportamentul financiar al populaţiei în timpul crizei |
| title_full | Comportamentul financiar al populaţiei în timpul crizei |
| title_fullStr | Comportamentul financiar al populaţiei în timpul crizei |
| title_full_unstemmed | Comportamentul financiar al populaţiei în timpul crizei |
| title_short | Comportamentul financiar al populaţiei în timpul crizei |
| title_sort | comportamentul financiar al populatiei in timpul crizei |
| topic | financial stability credit risk panel estimation default |
| url |
http://store.ectap.ro/articole/726.pdf
|
| work_keys_str_mv | AT bogdanchiriacescu comportamentulfinanciaralpopulatieiintimpulcrizei AT luminitatatarici comportamentulfinanciaralpopulatieiintimpulcrizei AT cristinavisan comportamentulfinanciaralpopulatieiintimpulcrizei |