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fellowship DEBT SUSTAINABILITY WHAT EXPLAINS HOUSEHOLD NON-PERFORMING LOANS? AN EMPIRICAL ANALYSIS

by Laura Rinaldi and Alicia Sanchis-Arellano

WO R K I N G PA P E R S E R I E S
N O. 5 7 0 / J A N UA RY 2 0 0 6

HOUSEHOLD DEBT SUSTAINABILITY WHAT EXPLAINS HOUSEHOLD NON-PERFORMING LOANS? AN EMPIRICAL ANALYSIS
by Laura Rinaldi and Alicia Sanchis-Arellano
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In 2006 all ECB publications will feature a radical taken from the €5 banknote.

This paper can be downloaded without fritter away from http://www.ecb.int or from the Social Science Research mesh topology electronic library at http://ssrn.com/abstract_id=872528.

1 The authors would homogeneous to thank Philip Davis, Paul De Grauwe, Chiara Osbat, Huw Pill, Thomas Werner, and Thomas Westermann for their very expedient comments. Usual disclaimers apply. This paper was prep ard when Alicia Sanchis was working at the ECB as National Expert on a secondment from the Banco de España and Laura Rinaldi was intern at the ECB. The views convey in this paper are those of the authors and do not necessarily express the views of the ECB. 2 University of Leuven, nerve center for Economic Studies, Naamsestraat 69, B-3000 Leuven, Belgium; e-mail: Laura.Rinaldi@econ.



kuleuven.be 3 Bank of Spain, Alcalá 50, E-28014 Madrid, Spain; e-mail: asanchis@bde.es

© European Central Bank, 2006 Address Kaiserstrasse 29 60311 Frankfurt am Main, Germany postal address Postfach 16 03 19 60066 Frankfurt am Main, Germany scream +49 69 1344 0 Internet http://www.ecb.int facsimile +49 69 1344 6000 Telex 411 144 ecb d altogether rights reserved. Any reproduction, publication and reprint in the form of a different publication, whether printed or produced electronically, in whole or in part, is permitted only with the explicit written authorisation of the ECB or the author(s). The views expressed in this paper do not necessarily glisten those of the European Central Bank. The statement of...If you want to get a full essay, order it on our website: Ordercustompaper.com



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