Assessing and Predicting Financial Vulnerability of Italian Households

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Publisher :
ISBN 13 :
Total Pages : 19 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Assessing and Predicting Financial Vulnerability of Italian Households by : Alessandra Bettocchi

Download or read book Assessing and Predicting Financial Vulnerability of Italian Households written by Alessandra Bettocchi and published by . This book was released on 2016 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study develops a micro-founded model to analyse the economic-financial conditions of Italian households. Initially, an indicator is constructed for the base year 2014, which identifies vulnerable households based on the budget constraint and the composition of their financial portfolio. Subsequently, the impact of the predicted trends of macro-economic variables on the indicator is calculated in order to monitor its evolution in the short term (2015-2017). The empirical analysis is based on the Survey of Household Income and Wealth of the Bank of Italy and on the macroeconomic forecasts of Prometeia. The macroeconomic scenario for the period 2015-2017 implies a progressive reduction in the percentage of vulnerable households for the full extent of the projection.

A Microsimulation Model to Evaluate Italian Households' Financial Vulnerability

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Publisher :
ISBN 13 :
Total Pages : 25 pages
Book Rating : 4.:/5 (928 download)

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Book Synopsis A Microsimulation Model to Evaluate Italian Households' Financial Vulnerability by : Valentina Michelangeli

Download or read book A Microsimulation Model to Evaluate Italian Households' Financial Vulnerability written by Valentina Michelangeli and published by . This book was released on 2014 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Assessing Financial Stability Risks from the Real Estate Market in Italy

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Publisher :
ISBN 13 :
Total Pages : 62 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Assessing Financial Stability Risks from the Real Estate Market in Italy by : Federica Ciocchetta

Download or read book Assessing Financial Stability Risks from the Real Estate Market in Italy written by Federica Ciocchetta and published by . This book was released on 2016 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: We provide an analytical framework for assessing financial stability risks arising from the real estate sector in Italy. This framework consists of two blocks: three complementary early warning models (EWMs) and a broad set of indicators related to the real estate market, to credit and to households. We focus separately on households and on firms engaged in construction, management and investment services in the real estate sector. Since in Italy there have been no real estate-related systemic banking crises, as vulnerability indicator we consider a continuous indicator represented by the ratio between the annual flow of bad debts related to the real estate sector and banks' capital and reserves. We contribute to the recent literature on EWMs by implementing a Bayesian Model Averaging (BMA) based on linear regression models with a continuous dependent variable of vulnerability and an ordered logit model with a discrete dependent variable of vulnerability classes. Both models exhibit good predictive abilities. Based on the BMA projections for the period from the third quarter of 2015 to the second quarter of 2016, banking vulnerability related to the real estate sector is expected to gradually decline.

A Microsimulation Model to Evaluate Italian Households' Financial Vulnerability

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (18 download)

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Book Synopsis A Microsimulation Model to Evaluate Italian Households' Financial Vulnerability by : Valentina Michelangeli

Download or read book A Microsimulation Model to Evaluate Italian Households' Financial Vulnerability written by Valentina Michelangeli and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Economic Well-being and Household Debt

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Publisher : Taylor & Francis
ISBN 13 : 100063213X
Total Pages : 209 pages
Book Rating : 4.0/5 (6 download)

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Book Synopsis Economic Well-being and Household Debt by : Agnieszka Wałęga

Download or read book Economic Well-being and Household Debt written by Agnieszka Wałęga and published by Taylor & Francis. This book was released on 2022-08-12 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: The growing indebtedness of households reported over the last 30 years and in most developed countries has serious economic and social implications. This book provides insight into the concepts, measures, and determinants of household indebtedness, over-indebtedness, and well-being by integrating theoretical perspectives, adopting recent analytical methods, and using a sample of Polish households. The authors identified the socio-demographic and economic characteristics of indebted and over-indebted households, as well as the basic characteristics of indebtedness and the differences in its subjective perception among over-indebted households and those that are not over-indebted. They determined the spatial differentiation of over-indebtedness, examining the relationship between economic, social and behavioural factors and over-indebtedness and the role of over-indebtedness in shaping the economic well-being of households. The results of a questionnaire conducted on a sample of Polish households and econometric modelling served as the basis for assessing the economic well-being of indebted households. This assessment was conducted with the use of a composite well-being indicator developed by the authors. Given the multidimensional nature of the issues being analysed, the authors offer an approach that accounts for two separate but overlapping dimensions of economic well-being, namely material and financial, and two ways of assessing each of them: objective and subjective. The book holds appeal for researchers, scholars, and students of economics, finance, consumer economics, and economic psychology and offers practical guidance for policymakers and advisors who deal with consumer affairs.

A Micro-founded Climate Stress Test on the Financial Vulnerability of Italian Households and Firms

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis A Micro-founded Climate Stress Test on the Financial Vulnerability of Italian Households and Firms by : Ivan Faiella

Download or read book A Micro-founded Climate Stress Test on the Financial Vulnerability of Italian Households and Firms written by Ivan Faiella and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Corporate, Real Estate, Household, Government and Non-Bank Financial Sectors Under Financial Stability

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Publisher : Emerald Group Publishing
ISBN 13 : 1787568393
Total Pages : 192 pages
Book Rating : 4.7/5 (875 download)

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Book Synopsis The Corporate, Real Estate, Household, Government and Non-Bank Financial Sectors Under Financial Stability by : Indranarain Ramlall

Download or read book The Corporate, Real Estate, Household, Government and Non-Bank Financial Sectors Under Financial Stability written by Indranarain Ramlall and published by Emerald Group Publishing. This book was released on 2018-12-14 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Corporate, Real Estate, Household, Government and Non-Bank Financial Sectors Under Financial Stability undertakes a systematic approach to provide a complete analysis and risk assessment of each of these sectors which interact closely to financial stability.

Assessing Macro-Financial Risks of Household Debt in China

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Publisher : International Monetary Fund
ISBN 13 : 1513522353
Total Pages : 25 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Assessing Macro-Financial Risks of Household Debt in China by : Mr.Fei Han

Download or read book Assessing Macro-Financial Risks of Household Debt in China written by Mr.Fei Han and published by International Monetary Fund. This book was released on 2019-11-27 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: High household indebtedness could constrain future consumption growth and increase financial stability risks. This paper uses household survey data to analyze both macroeconomic and finanical stability risks from the rapidly rising household debt in China. We find that rising household indebtedness could boost consumption in the short term, while reducing it in the medium-to-long term. By stress testing households’ debt repayment capacity, we find that low-income households are most vulnerable to adverse income shocks which could lead to signficant defaults. Containing these risks would call for a strengthening of systemic risk assessment and macroprudential policies of the household sector. Other policies include improving the credit registry system and establishing a well-functioning personal insolvency framework.

Stress Testing at the IMF

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Publisher : International Monetary Fund
ISBN 13 : 1513520741
Total Pages : 73 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Stress Testing at the IMF by : Mr.Tobias Adrian

Download or read book Stress Testing at the IMF written by Mr.Tobias Adrian and published by International Monetary Fund. This book was released on 2020-02-05 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explains specifics of stress testing at the IMF. After a brief section on the evolution of stress tests at the IMF, the paper presents the key steps of an IMF staff stress test. They are followed by a discussion on how IMF staff uses stress tests results for policy advice. The paper concludes by identifying remaining challenges to make stress tests more useful for the monitoring of financial stability and an overview of IMF staff work program in that direction. Stress tests help assess the resilience of financial systems in IMF member countries and underpin policy advice to preserve or restore financial stability. This assessment and advice are mainly provided through the Financial Sector Assessment Program (FSAP). IMF staff also provide technical assistance in stress testing to many its member countries. An IMF macroprudential stress test is a methodology to assess financial vulnerabilities that can trigger systemic risk and the need of systemwide mitigating measures. The definition of systemic risk as used by the IMF is relevant to understanding the role of its stress tests as tools for financial surveillance and the IMF’s current work program. IMF stress tests primarily apply to depository intermediaries, and, systemically important banks.

Triggers and Determinants of Severe Household Indebtedness in Germany

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (118 download)

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Book Synopsis Triggers and Determinants of Severe Household Indebtedness in Germany by : Matthias Keese

Download or read book Triggers and Determinants of Severe Household Indebtedness in Germany written by Matthias Keese and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Children and Peace

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Publisher : Springer Nature
ISBN 13 : 3030221768
Total Pages : 405 pages
Book Rating : 4.0/5 (32 download)

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Book Synopsis Children and Peace by : Nikola Balvin

Download or read book Children and Peace written by Nikola Balvin and published by Springer Nature. This book was released on 2019-10-20 with total page 405 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book brings together discourse on children and peace from the 15th International Symposium on the Contributions of Psychology to Peace, covering issues pertinent to children and peace and approaches to making their world safer, fairer and more sustainable. The book is divided into nine sections that examine traditional themes (social construction and deconstruction of diversity, intergenerational transitions and memories of war, and multiculturalism), as well as contemporary issues such as Europe’s “migration crisis”, radicalization and violent extremism, and violence in families, schools and communities. Chapters contextualize each issue within specific social ecological frameworks in order to reflect on the multiplicity of influences that affect different outcomes and to discuss how the findings can be applied in different contexts. The volume also provides solutions and hope through its focus on youth empowerment and peacebuilding programs for children and families. This forward-thinking volume offers a multitude of views, approaches, and strategies for research and activism drawn from peace psychology scholars and United Nations researchers and practitioners. This book's multi-layered emphasis on context, structural determinants of peace and conflict, and use of research for action towards social cohesion for children and youth has not been brought together in other peace psychology literature to the same extent. Children and Peace: From Research to Action will be a useful resource for peace psychology academics and students, as well as social and developmental psychology academics and students, peace and development practitioners and activists, policy makers who need to make decisions about the matters covered in the book, child rights advocates and members of multilateral organizations such as the UN.

OECD Guidelines for Micro Statistics on Household Wealth

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Publisher : OECD Publishing
ISBN 13 : 9789264194861
Total Pages : 280 pages
Book Rating : 4.1/5 (948 download)

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Book Synopsis OECD Guidelines for Micro Statistics on Household Wealth by : OECD

Download or read book OECD Guidelines for Micro Statistics on Household Wealth written by OECD and published by OECD Publishing. This book was released on 2013-06-21 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication presents an internationally agreed set of guidelines for producing micro statistics on household wealth, It addresses the common conceptual, definitional and practical problems, and are meant to improve the comparability of country data.

Global Financial Stability Report, October 2019

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Publisher : International Monetary Fund
ISBN 13 : 1498324029
Total Pages : 109 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Global Financial Stability Report, October 2019 by : International Monetary Fund. Monetary and Capital Markets Department

Download or read book Global Financial Stability Report, October 2019 written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2019-10-16 with total page 109 pages. Available in PDF, EPUB and Kindle. Book excerpt: The October 2019 Global Financial Stability Report (GFSR) identifies the current key vulnerabilities in the global financial system as the rise in corporate debt burdens, increasing holdings of riskier and more illiquid assets by institutional investors, and growing reliance on external borrowing by emerging and frontier market economies. The report proposes that policymakers mitigate these risks through stricter supervisory and macroprudential oversight of firms, strengthened oversight and disclosure for institutional investors, and the implementation of prudent sovereign debt management practices and frameworks for emerging and frontier market economies.

Global Financial Stability Report, April 2013

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Publisher : International Monetary Fund
ISBN 13 : 1475589581
Total Pages : 160 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Global Financial Stability Report, April 2013 by : International Monetary Fund. Monetary and Capital Markets Department

Download or read book Global Financial Stability Report, April 2013 written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2013-04-17 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Global Financial Stability Report examines current risks facing the global financial system and policy actions that may mitigate these. It analyzes the key challenges facing financial and nonfinancial firms as they continue to repair their balance sheets. Chapter 2 takes a closer look at whether sovereign credit default swaps markets are good indicators of sovereign credit risk. Chapter 3 examines unconventional monetary policy in some depth, including the policies pursued by the Federal Reserve, the Bank of England, the Bank of Japan, the European Central Bank, and the U.S. Federal Reserve.

Global Financial Stability Report, April 2012

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Publisher : International Monetary Fund
ISBN 13 : 1616352477
Total Pages : 94 pages
Book Rating : 4.6/5 (163 download)

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Book Synopsis Global Financial Stability Report, April 2012 by : International Monetary Fund. Monetary and Capital Markets Department

Download or read book Global Financial Stability Report, April 2012 written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2012-04-18 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: The April 2012 Global Financial Stability Report assesses changes in risks to financial stability over the past six months, focusing on sovereign vulnerabilities, risks stemming from private sector deleveraging, and assessing the continued resilience of emerging markets. The report probes the implications of recent reforms in the financial system for market perception of safe assets, and investigates the growing public and private costs of increased longevity risk from aging populations.

Managing the Risks of Extreme Events and Disasters to Advance Climate Change Adaptation

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Publisher : Cambridge University Press
ISBN 13 : 1107025060
Total Pages : 593 pages
Book Rating : 4.1/5 (7 download)

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Book Synopsis Managing the Risks of Extreme Events and Disasters to Advance Climate Change Adaptation by : Intergovernmental Panel on Climate Change

Download or read book Managing the Risks of Extreme Events and Disasters to Advance Climate Change Adaptation written by Intergovernmental Panel on Climate Change and published by Cambridge University Press. This book was released on 2012-05-28 with total page 593 pages. Available in PDF, EPUB and Kindle. Book excerpt: Extreme weather and climate events, interacting with exposed and vulnerable human and natural systems, can lead to disasters. This Special Report explores the social as well as physical dimensions of weather- and climate-related disasters, considering opportunities for managing risks at local to international scales. SREX was approved and accepted by the Intergovernmental Panel on Climate Change (IPCC) on 18 November 2011 in Kampala, Uganda.

Global Corporate Stress Tests—Impact of the COVID-19 Pandemic and Policy Responses

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Publisher : International Monetary Fund
ISBN 13 : 1513590820
Total Pages : 54 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Global Corporate Stress Tests—Impact of the COVID-19 Pandemic and Policy Responses by : Mr. Thierry Tressel

Download or read book Global Corporate Stress Tests—Impact of the COVID-19 Pandemic and Policy Responses written by Mr. Thierry Tressel and published by International Monetary Fund. This book was released on 2021-08-06 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate sector vulnerabilities have been a central policy topic since the outset of the COVID-19 pandemic. In this paper, we analyze some 17,000 publicly listed firms in a sample of 24 countries, and assess their ability to withstand shocks induced by the pandemic to their liquidity, viability and solvency. For this purpose, we develop novel multi-factor sensitivity analysis and dynamic scenario-based stress test techniques to assess the impact of shocks on firm’s ability to service their debt, and on their liquidity and solvency positions. Applying the October 2020 WEO baseline and adverse scenarios, we find that a large share of publicly-listed firms become vulnerable as a result of the pandemic shock and additional borrowing needs to overcome cash shortfalls are large, while firm behavioral responses and policies substantially help overcome the impact of the shock in the near term. Looking forward, while interest coverage ratios tend to improve over time after the initial shock as earnings recover in line with projected macroeconomic conditions, liquidity needs remain substantial in many firms across countries and across industries, while insolvencies rise over time in specific industries. To inform policy debates, we offer an approach to a triage between viable and unviable firms, and find that the needs for liquidity support of viable firms remain important beyond 2020, and that medium-term debt restructuring needs and liquidations of firms may be substantial in the medium-term.