Household debt: implications for monetary policy and financial stability

BIS Papers No 46
May 2009

Since its launch in September 2006, the Asian Research Programme has focused on policyoriented studies for central banks and supervisory authorities in the Asia-Pacific region. Under the programme, the BIS Representative Office for Asia and the Pacific has co-organised a series of conferences, seminars and workshops with central banks and supervisory authorities in Asia and the Pacific. The subjects of interest have included improving monetary policy and operations, developing financial markets, maintaining financial stability and strengthening prudential policy.

On 28 March 2008, the BIS Asian Office and the Bank of Korea jointly organised a seminar on household debt in Seoul. Participants from 11 central banks and the BIS attended the seminar, which was structured along the following themes: (1) mortgage finance; (2) consumer credit; (3) securitisation; and (4) policy challenges. This volume is a collection of the speeches, presentations and papers of the seminar.

JEL classification: D14; E21; E52; G01; G28

Speeches

Title Languages
  Opening address EN
  Bank supervision and central banking: understanding credit during a time of financial turmoil EN
  Opening speech EN

Papers presented

Title Languages
  Household debt in Australia EN
  Household debt, monetary policy and financial stability: stil searching for a unifying model EN
  Development of consumer credit in China EN
  Risk profile of households and the impact on financial stability EN
  A note on Japanese household debt: international comparison and implications for financial stability EN
  Household debt, the savings rate and monetary policy: the Korean experience EN
  Credit card lending distress in Korea in 2003 EN
  Household debt in Malaysia EN
  Consumer credit in the Philippines EN
  Household indebtedness in Sweden and implications for financial stability - the use of household-level data EN
  Household sector and monetary policy implications: Thailand's recent experience EN