Arbeitspapier
Foreign Currency Borrowing: The Case of Hungary
We use household survey data from Hungary to analyse the determinants of foreign currency (FX) borrowing. We do not find evidence that Hungarian FX borrowers are better educated, wealthier or more risk-loving than their peers. In fact, FX borrowing is a common phenomenon driven mostly by macroeconomic factors: high interest rate spreads, a relatively stable exchange rate and the competition of foreign owned banks. Although FX borrowing is widespread, our analysis suggests that loan losses directly attributed to it may be limited, given currency fluctuations up to autumn 2009.
- Sprache
-
Englisch
- Erschienen in
-
Series: FINESS Working Paper ; No. D.5.4
- Klassifikation
-
Wirtschaft
Household Saving; Personal Finance
International Lending and Debt Problems
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
- Thema
-
foreign currency borrowing
households
survey data
liability dollarization
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Pellényi, Gábor
Bilek, Péter
- Ereignis
-
Veröffentlichung
- (wer)
-
Deutsches Institut für Wirtschaftsforschung (DIW)
- (wo)
-
Berlin
- (wann)
-
2009
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Pellényi, Gábor
- Bilek, Péter
- Deutsches Institut für Wirtschaftsforschung (DIW)
Entstanden
- 2009
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