Stress testing the household sector in Mongolia. / Gan-Ochir Doojav and Ariun-Erdene Bayarjargal.

Format:

Book

Government document

Author/Creator:

Doojav, Gan-Ochir, author.

Contributor:

Bayarjargal, Ariun-Erdene.

Language:

English

Subjects (All):

Economic and Social Development.

Mongolia.

Local Subjects:

Economic and Social Development.

Mongolia.

Physical Description:

1 online resource (30 pages)

Contained In:

Asia-Pacific Development Journal Vol. 24, no. 2, p. 23-52 24:2<23 2411-9873

Place of Publication:

New York : United Nations, 2018.

System Details:

text file

Summary:

The present paper contains an outline of a simulation-model for stress testing the household sector in Mongolia. The model uses data from the Household Socio-Economic Survey to assess the financial resilience of the household sector to macroeconomic shocks. The results suggest that the household sector of Mongolia is vulnerable to shocks associated with interest rates, cost of basic consumption, asset prices and unemployment. In particular, impacts of interest and consumer price shocks on household's debt at risk (or expected loan losses) are considerable. Furthermore, it has been found that a substantial increase in household indebtedness has boosted the financial fragility of the household sector. Those results have important policy implications in mitigating the increasing financial fragility of the household sector and risks to financial stability.

Notes:

Title from title screen (viewed May 1, 2017).

Access Restriction:

Restricted for use by site license.