How Long to Read European Housing Markets at a Turning Point – Risks, Household and Bank Vulnerabilities, and Policy Options

How Long Does it Take to Read European Housing Markets at a Turning Point – Risks, Household and Bank Vulnerabilities, and Policy Options?

It takes the average reader and 48 minutes to read European Housing Markets at a Turning Point – Risks, Household and Bank Vulnerabilities, and Policy Options by Ms. Laura Valderrama

Assuming a reading speed of 250 words per minute. Learn more

Description

European housing markets are at a turning point as the cost-of-living crisis has eroded real incomes and the surge in interest rates has made borrowers more vulnerable to financial distress. This paper aims to (i) shed light on the risks in European housing markets, (ii) quantify household vulnerabilties, (iii) assess banking sector implications and (iv) examine policies’ effectiveness using simulations based on microdata from the Household Finance and Consumption Survey (HFCS) and EU statistics on income and living conditions (EU-SILC). Under the baseline IMF macroeconomic forecast, the share of households that could struggle to meet basic expenses could rise by 10 pps reaching a third of all households by end 2023. Under an adverse scenario, 45 percent of households could be financially stretched, representing over 40 percent of mortgage debt and 45 percent of consumer debt. The impact on the banking sector seems contained under the baseline forecast, though there are pockets of vulnerability. A 20 percent house price correction could deplete CET1 capital by 100-300 basis points. Fiscal measures, such as subsidies to the bottom income tercile, could save 7 percent of households from financial distress at an estimated cost of 0.8 percent of GDP.

How long is European Housing Markets at a Turning Point – Risks, Household and Bank Vulnerabilities, and Policy Options?

European Housing Markets at a Turning Point – Risks, Household and Bank Vulnerabilities, and Policy Options by Ms. Laura Valderrama is 47 pages long, and a total of 12,079 words.

This makes it 16% the length of the average book. It also has 15% more words than the average book.

How Long Does it Take to Read European Housing Markets at a Turning Point – Risks, Household and Bank Vulnerabilities, and Policy Options Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 6 minutes to read European Housing Markets at a Turning Point – Risks, Household and Bank Vulnerabilities, and Policy Options aloud.

What Reading Level is European Housing Markets at a Turning Point – Risks, Household and Bank Vulnerabilities, and Policy Options?

European Housing Markets at a Turning Point – Risks, Household and Bank Vulnerabilities, and Policy Options is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy European Housing Markets at a Turning Point – Risks, Household and Bank Vulnerabilities, and Policy Options?

European Housing Markets at a Turning Point – Risks, Household and Bank Vulnerabilities, and Policy Options by Ms. Laura Valderrama is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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