English, Article edition: Significance and Problems of Private Household Debt Peter Brandner; Peter Mooslechner

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Physical Description
  • article
Language
  • English

Edition details

Title
  • Significance and Problems of Private Household Debt
Author
  • Peter Brandner
  • Peter Mooslechner
Physical Description
  • article
Notes
  • With a GDP ratio of 36 percent indebtedness of Austrian private households is relatively low when compared with other OECD countries. Still, a total of AS 721 billion at the end of 1991 no longer allows to neglect issues related to debt accumulation. From a macroeconomic point of view, credit financing is of crucial importance for aggregate demand, employment and the formation of wealth. This is illustrated by the high share of nearly two-thirds of outstanding loans claimed by residential building purposes. 15 percent of Austrian adults report commitments from a bank loan. Some 2 percent of these loans are deemed "problem cases" involving legal prosecution.
  • Ökonomische Bedeutung und Problematik der Verschuldung privater Haushalte; Significance and Problems of Private Household Debt
  • RePEc:wfo:monber:y:1992:i:8:p:447-453
Language
  • English
Contributed by
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