The role of the credit market in consumption and saving decisions of Hungarian households

• Authors: Bethlendi Andras
• Languages of publication: HU

Abstracts

EN

Looking at data for almost forty years shows it as characteristic for consumption and housing investment to be strongly preferred over financial savings in long-term behaviour by Hungarian households, despite major changes in the institutional system. An important role in this is played by the credit supply. Households are also using credit possibilities to increase their consumer and housing expenditures. The strong credit supply has been coupled with a low financial savings rate. This is not unique among European countries, but it may lead to a riskier macroeconomic path.

Keywords

EN

BANKS; CONSUMPTION SAVING; DEPOSITORY INSTITUTIONS; DYNAMIC QUANTILE REGRESSIONS; MICRO FINANCE INSTITUTIONS; MORTGAGES; PORTFOLIO CHOICE INVESTMENT DECISIONS; TIME-SERIES ECONOMIC MODELS; WEALTH

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Committee for Economic Sciences of the Hungarian Academy of Sciences
• Journal: Kozgazdasagi Szemle (Economic Review)
• Year: 2007
• Volume: 54
• Issue: 12
• Pages: 1041-1065
• Document type: ARTICLE

Contributors

author

Bethlendi Andras

• Andras Bethlendi, no address given, contact the journal editor

Identifiers

CEJSH db identifier

10HUAAAA078520