Denmark : Selected Issues.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. European Dept.

Series:

IMF Staff Country Reports; Country Report ; No. 2014/332

IMF Staff Country Reports

Language:

English

Subjects (All):

Debt--Denmark.

Debt.

Economic development--Denmark.

Economic development.

Monetary policy--Denmark--History--21st century.

Monetary policy.

Physical Description:

1 online resource (53 pages) : illustrations (chiefly color).

Place of Publication:

Washington, D.C. : International Monetary Fund, 2014.

Summary:

This Selected Issues paper examines the household debt situation in Denmark and factors that have contributed to the high level of household debt in the country. Various factors seem to account for the size of household debt, including large pension assets, a highly developed mortgage market, the availability of flexible mortgage products such as deferred amortization loans, indirect subsidies through tax preferences for home ownership, and a regulated rental market that limits mobility. The paper highlights that high household debt could pose direct risks to financial stability if the number of mortgage loan defaults rises sharply in the face of adverse shocks.

Notes:

Includes bibliographical references.

Description based on online resource; title from PDF title page (ebrary, viewed February 11, 2015).

ISBN:

9781475534993

147553499X

9781498353106

149835310X