Measuring households' financial vulnerabilities from consumer debt: Evidence from Chile

Rodrigo Cifuentes; Paula Margaretic; Trinidad Saavedra

doi:10.1016/j.ememar.2020.100677

Measuring households' financial vulnerabilities from consumer debt: Evidence from Chile

Rodrigo Cifuentes, Paula Margaretic, Trinidad Saavedra

Research output: Contribution to journal › Article › peer-review

7 Scopus citations

Abstract

This paper is concerned with measuring the financial vulnerability (FV) of households arising from consumer debt. Our case of application is Chile. Our main finding is that by applying a methodology that allows for households' heterogeneities and that accounts for contextual factors (like motives for asking for debt, exposure to shocks, family structure, holdings of assets and perspectives of future income), we better quantify the risks that financially vulnerable households may entail to the financial system.

Original language	English
Article number	100677
Journal	Emerging Markets Review
Volume	43
DOIs	https://doi.org/10.1016/j.ememar.2020.100677
State	Published - Jun 2020
Externally published	Yes

Keywords

Cluster analysis
Consumer debt
Emerging markets
Financial stability
Financially vulnerable households

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10.1016/j.ememar.2020.100677

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title = "Measuring households' financial vulnerabilities from consumer debt: Evidence from Chile",

abstract = "This paper is concerned with measuring the financial vulnerability (FV) of households arising from consumer debt. Our case of application is Chile. Our main finding is that by applying a methodology that allows for households' heterogeneities and that accounts for contextual factors (like motives for asking for debt, exposure to shocks, family structure, holdings of assets and perspectives of future income), we better quantify the risks that financially vulnerable households may entail to the financial system.",

keywords = "Cluster analysis, Consumer debt, Emerging markets, Financial stability, Financially vulnerable households",

author = "Rodrigo Cifuentes and Paula Margaretic and Trinidad Saavedra",

note = "Funding Information: Source of Funding: This study was funded in part through the National Institutes of Health/National Cancer Institute Support Grant P30 CA008748. Publisher Copyright: {\textcopyright} 2020 Elsevier B.V.",

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AU - Margaretic, Paula

AU - Saavedra, Trinidad

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Y1 - 2020/6

N2 - This paper is concerned with measuring the financial vulnerability (FV) of households arising from consumer debt. Our case of application is Chile. Our main finding is that by applying a methodology that allows for households' heterogeneities and that accounts for contextual factors (like motives for asking for debt, exposure to shocks, family structure, holdings of assets and perspectives of future income), we better quantify the risks that financially vulnerable households may entail to the financial system.

AB - This paper is concerned with measuring the financial vulnerability (FV) of households arising from consumer debt. Our case of application is Chile. Our main finding is that by applying a methodology that allows for households' heterogeneities and that accounts for contextual factors (like motives for asking for debt, exposure to shocks, family structure, holdings of assets and perspectives of future income), we better quantify the risks that financially vulnerable households may entail to the financial system.

KW - Cluster analysis

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KW - Emerging markets

KW - Financial stability

KW - Financially vulnerable households

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JO - Emerging Markets Review

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Measuring households' financial vulnerabilities from consumer debt: Evidence from Chile

Abstract

Keywords

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