Spain: Vulnerabilities of Private Sector Balance Sheets and Risks to the Financial Sector Technical Notes

June 11, 2012

Preview Citation

Format: Chicago

Spain: Vulnerabilities of Private Sector Balance Sheets and Risks to the Financial Sector Technical Notes, (USA: International Monetary Fund, 2012) accessed November 26, 2024

Summary

This technical note assesses the vulnerabilities of household and corporate sector balance sheets and quantifies the potential impacts from macroeconomic shocks using sensitivity and contingent claims analyses. The note analyzes the risks to the Spanish financial stability arising from household indebtedness. The analysis expands the use of microlevel data to assess household vulnerabilities, distinguishing between indebted and nonindebted households as well as accounting for the allocation of debt, debt service burden, and households’ income and assets.

Subject: Corporate sector, Economic sectors, Financial institutions, Housing prices, Income, Loans, Mortgages, National accounts, Prices

Keywords: Balance sheet information, Banco de España, Corporate sector, CR, Credit risk, Debt service, Distressed firm, Earnings before interest and taxes, Economic activity, Europe, Firm industry, Global, Household debt, Housing prices, Income, Interest rate shock, ISCR, Lender mortgage subrogation, Loans, Mortgage debt, Mortgage market, Mortgages

Publication Details

Pages:

57
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/140
Stock No:

1ESPEA2012004
ISBN:

9781475504279
ISSN:

1934-7685

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