The Crisis Hits Home : Stress-Testing Households in Europe and Central Asia ebook
The Crisis Hits Home : Stress-Testing Households in Europe and Central Asia ebook
The Crisis Hits Home : Stress-Testing Households in Europe and Central Asia by Kalanidhi Subbarao
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Author: Kalanidhi Subbarao
Number of Pages: 104 pages
Published Date: 15 Jan 2010
Publisher: World Bank Publications
Publication Country: Washington, United States
Language: English
ISBN: 9780821382226
File size: 34 Mb
File Name: The.Crisis.Hits.Home.Stress-Testing.Households.in.Europe.and.Central.Asia.pdf
Download Link: The Crisis Hits Home Stress-Testing Households in Europe and Central Asia
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The crisis threatens the welfare of about 160 million people in the Europe and Central Asia (ECA) region who are poor or are just above the poverty line. Using pre-crisis household data along with aggregate macroeconomic outturns to simulate the impact of the crisis on households transmitted via credit market shocks, price shocks, and income shocks this report finds that adverse effects are widespread and that poor and non-poor households alike are vulnerable. By 2010, for the region as a whole, some 11 million more people will likely be in poverty and over 23 million more people will find themselves just above the poverty line because of the crisis. The aggregate results mask the heterogeneity of impact within countries, including the concentration of the poverty impact in selected economic sectors. Meanwhile, stress tests on household indebtedness in selected countries suggest that ongoing macroeconomic shocks will expand the pool of households unable to service their debt, many of them from among the ranks of relatively richer households. In fact, already there are rising household loan delinquency rates. Finally, there is evidence that the food and fuel crisis is not over and a new round of price increases, via currency adjustments, will have substantial effects on net consumers. Lessons from last year s food crisis suggest that the poor are the worst hit, as many of the poor in Albania, Kyrgyz Republic, and Tajikistan, for example, are net food consumers, with limited access to agricultural assets and inputs.
Read online The Crisis Hits Home : Stress-Testing Households in Europe and Central Asia Buy The Crisis Hits Home : Stress-Testing Households in Europe and Central Asia Download and read The Crisis Hits Home : Stress-Testing Households in Europe and Central Asia for pc, mac, kindle, readers Download to iPad/iPhone/iOS, B&N nook The Crisis Hits Home : Stress-Testing Households in Europe and Central Asia ebook, pdf, djvu, epub, mobi, fb2, zip, rar, torrent
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The Crisis Hits Home : Stress-Testing Households in Europe and Central Asia by Kalanidhi Subbarao
Author: Kalanidhi Subbarao
Number of Pages: 104 pages
Published Date: 15 Jan 2010
Publisher: World Bank Publications
Publication Country: Washington, United States
Language: English
ISBN: 9780821382226
File size: 34 Mb
File Name: The.Crisis.Hits.Home.Stress-Testing.Households.in.Europe.and.Central.Asia.pdf
Download Link: The Crisis Hits Home Stress-Testing Households in Europe and Central Asia
---------------------------------------------------------------
The crisis threatens the welfare of about 160 million people in the Europe and Central Asia (ECA) region who are poor or are just above the poverty line. Using pre-crisis household data along with aggregate macroeconomic outturns to simulate the impact of the crisis on households transmitted via credit market shocks, price shocks, and income shocks this report finds that adverse effects are widespread and that poor and non-poor households alike are vulnerable. By 2010, for the region as a whole, some 11 million more people will likely be in poverty and over 23 million more people will find themselves just above the poverty line because of the crisis. The aggregate results mask the heterogeneity of impact within countries, including the concentration of the poverty impact in selected economic sectors. Meanwhile, stress tests on household indebtedness in selected countries suggest that ongoing macroeconomic shocks will expand the pool of households unable to service their debt, many of them from among the ranks of relatively richer households. In fact, already there are rising household loan delinquency rates. Finally, there is evidence that the food and fuel crisis is not over and a new round of price increases, via currency adjustments, will have substantial effects on net consumers. Lessons from last year s food crisis suggest that the poor are the worst hit, as many of the poor in Albania, Kyrgyz Republic, and Tajikistan, for example, are net food consumers, with limited access to agricultural assets and inputs.
Read online The Crisis Hits Home : Stress-Testing Households in Europe and Central Asia Buy The Crisis Hits Home : Stress-Testing Households in Europe and Central Asia Download and read The Crisis Hits Home : Stress-Testing Households in Europe and Central Asia for pc, mac, kindle, readers Download to iPad/iPhone/iOS, B&N nook The Crisis Hits Home : Stress-Testing Households in Europe and Central Asia ebook, pdf, djvu, epub, mobi, fb2, zip, rar, torrent
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