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Towards understanding differences in european household finances

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dc.contributor.author Hintermaier, Thomas
dc.contributor.author Koeniger, Winfried
dc.date.accessioned 2016-09-15T12:57:23Z
dc.date.available 2016-09-15T12:57:23Z
dc.date.issued 2016-07
dc.identifier.uri http://hdl.handle.net/10230/27289
dc.description.abstract This paper documents facts about differences in household portfolio composition across European countries, using the Eurosystem’s Household Finance and Consumption Survey (HFCS) as a data source. On the asset side of balance sheets, the focus of our analysis is on the distinction between housing wealth and other assets. On the liability side, we distinguish types of debt which are collateralized by housing. As a consequence, this paper addresses cross-European differences in home-equity positions. These facts inform the design of a European Household Finance Common Reference Model (HFCRM). This reference model identifies a common structure of key factors in household financial decision making. At the same time the HFCRM is flexible enough to admit parameterizations which fit the diversity of financial and legal institutions across European countries.
dc.description.sponsorship The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.
dc.format.mimetype application/pdf
dc.language.iso eng
dc.relation.ispartofseries ADEMU Working Paper Series;17
dc.rights This is an Open Access article distributed under the terms of the Creative Commons Attribution License Creative Commons Attribution 4.0 International, which permits unrestricted use, distribution and reproduction in any medium provided that the original work is properlyattributed.
dc.rights.uri https://creativecommons.org/licenses/by/4.0/
dc.title Towards understanding differences in european household finances
dc.type info:eu-repo/semantics/workingPaper
dc.subject.keyword European household portfolios
dc.subject.keyword International comparative finance
dc.subject.keyword Housing
dc.subject.keyword Household debt
dc.relation.projectID info:eu-repo/grantAgreement/EC/H2020/649396
dc.rights.accessRights info:eu-repo/semantics/openAccess

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