Identification of excessive Russia's household debt burden

Modern trends characterized by increasing Russian household debt against the stagnation of real income of the population demonstrate the importance of analytical tools within the regulator. It helps identify the level of debt burden in household sector and to develop an analytical toolkit that makes it possible to reveal debt burden. The paper uses the methods of statistic and graphical analysis as well as comparative and GAP-analysis. The empirical analysis is based on data of the Federal State Statics Service and Bank of Russia over a period of 1.01.2007–1.01.2019. The study develops the methodology to create an indicator for household sector debt burden both on macro- and micro-level. Based on the methodology, we develop a new financial stability index of household sector and its calculation algorithm. We offer the evaluation method of threshold value of this index and determine its quantitative value. The findings concerning debt burden level in Russia’s household sector drawn on the basis of this indicator confirm its suitability for using as an additional diagnostic tool of Russia’s financial stability.

Download Full-text

Personal Over-indebtedness in Croatia and Measures for its Reduction

Zagreb International Review of Economics and Business ◽

10.1515/zireb-2016-0003 ◽

2016 ◽

Vol 19 (1) ◽

pp. 45-58

Author(s):

Predrag Bejaković

Keyword(s):

Interest Rates ◽

Financial Stability ◽

Household Debt ◽

Additional Increase ◽

Debt Burden ◽

Household Disposable Income ◽

Individual Household ◽

Vulnerability Indicator ◽

Real Growth ◽

Insight Into

Abstract The robust growth in household debt in pre-crisis period coincided with real growth in household disposable income, large economic expansion and a considerable fall in banks’ interest rates. However, household debt indicators deteriorated markedly as total household debt grew faster than income. This raised concerns about potential implications of an additional increase in the debt burden on financial stability. An analysis of household debt based exclusively on data aggregated at the sector level is not a best financial vulnerability indicator as it fails to provide insight into the distribution of debt and credit risk by individual household groups. The text explains the problems with personal over-indebtedness in Croatia and measures for their reduction.

Download Full-text

Queensland Family Cohort: a study protocol

BMJ Open ◽

10.1136/bmjopen-2020-044463 ◽

2021 ◽

Vol 11 (6) ◽

pp. e044463

Author(s):

Danielle Borg ◽

Kym Rae ◽

Corrine Fiveash ◽

Johanna Schagen ◽

Janelle James-McAlpine ◽

...

Keyword(s):

Mental Health ◽

Family Environment ◽

Biological Samples ◽

Local Governments ◽

Financial Stability ◽

Federal State ◽

Physical And Mental Health ◽

Future Health ◽

The Impact

IntroductionThe perinatal–postnatal family environment is associated with childhood outcomes including impacts on physical and mental health and educational attainment. Family longitudinal cohort studies collect in-depth data that can capture the influence of an era on family lifestyle, mental health, chronic disease, education and financial stability to enable identification of gaps in society and provide the evidence for changes in government in policy and practice.Methods and analysisThe Queensland Family Cohort (QFC) is a prospective, observational, longitudinal study that will recruit 12 500 pregnant families across the state of Queensland (QLD), Australia and intends to follow-up families and children for three decades. To identify the immediate and future health requirements of the QLD population; pregnant participants and their partners will be enrolled by 24 weeks of gestation and followed up at 24, 28 and 36 weeks of gestation, during delivery, on-ward, 6 weeks postpartum and then every 12 months where questionnaires, biological samples and physical measures will be collected from parents and children. To examine the impact of environmental exposures on families, data related to environmental pollution, household pollution and employment exposures will be linked to pregnancy and health outcomes. Where feasible, data linkage of state and federal government databases will be used to follow the participants long term. Biological samples will be stored long term for future discoveries of biomarkers of health and disease.Ethics and disseminationEthical approval has been obtained from the Mater Research Ethics (HREC/16/MHS/113). Findings will be reported to (1) QFC participating families; (2) funding bodies, institutes and hospitals supporting the QFC; (3) federal, state and local governments to inform policy; (4) presented at local, national and international conferences and (5) disseminated by peer-review publications.

Download Full-text

Management analysis

10.12737/1414397 ◽

2021 ◽

Author(s):

Elena Nikiforova ◽

Lyudmila Kupriyanova ◽

Viktor Shnayder ◽

Marina Borovickaya ◽

Ol'ga Gizatullina ◽

...

Keyword(s):

Financial Services ◽

Financial Stability ◽

Information Support ◽

Entrepreneurial Activity ◽

Federal State ◽

Production Sector ◽

Organization Management ◽

Managerial Decisions ◽

Business Analysis ◽

State Educational

The textbook reveals the role and importance of management analysis in the formation of the strategy and tactics of organization management, taking into account the industry specifics of the functioning of economic entities in the production sector, the conceptual apparatus of management analysis; describes the main approaches to information support; presents applied tools and practical situations aimed at ensuring the financial stability of business, describes approaches to assessing the effectiveness of entrepreneurial activity based on alternative management solutions adequate to current real-time conditions. Meets the requirements of the federal state educational standards of higher education of the latest generation. It is intended for graduate students of economic universities, teachers, practitioners and specialists in the field of management and analysis, studying in the field of training 38.04.01 "Economics", to acquire practical skills in conducting managerial analysis and making informed managerial decisions. It may be of interest to employees of financial services, financial managers of enterprises, as well as students of the system of training, certification and development of professional competencies of managers, auditors and business analysis specialists.

Download Full-text

Panel modeling of z-score: evidence from Islamic and conventional Saudi banks

International Journal of Islamic and Middle Eastern Finance and Management ◽

10.1108/imefm-04-2018-0122 ◽

2019 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Hassan Belkacem Ghassan ◽

Abdelkrim Ahmed Guendouz

Keyword(s):

Financial Stability ◽

Banking Sector ◽

Stability Index ◽

Z Score ◽

Strong Concentration ◽

Content Type ◽

Quarterly Data ◽

Annual Frequency ◽

Conventional Banks ◽

The Stability

Purpose This paper aims to measure the stability extent of the banking sector in Saudi Arabia, including Islamic and conventional banks (CBs), using quarterly data. Design/methodology/approach The paper uses seemingly unrelated regressions to estimate the determinants of the z-score. Findings The panel data model shows that Islamic banks (IBs) reduce the financial stability index relatively; meanwhile, they contribute efficiently to enhance the financial stability through the diversification of their assets. The Saudi banking sector exhibits strong concentration affecting the financial stability negatively. Research limitations/implications The paper’s topic can be extended to cover the recent period. Practical implications The limited presence of IBs in the Saudi banking sector jeopardizes any effort to improve the financial stability. Social implications By attracting more clients, IBs would contribute more to the financial stability in the Saudi economy. Also, the monetary authority has to expand the share of IBs in the financial system at least 50-50 compared to CBs. Originality/value The z-score is mostly analyzed with yearly data; in this paper we use quarterly data to describe at infra-annual frequency the variability of the z-score index. Also, we consider in detail the statistical properties of the banks’ data.

Download Full-text

Household Debt and Delinquency over the Life Cycle

Asian Development Review ◽

10.1162/adev_a_00141 ◽

2020 ◽

Vol 37 (1) ◽

pp. 61-92

Author(s):

Sommarat Chantarat ◽

Atchana Lamsam ◽

Krislert Samphantharak ◽

Bhumjai Tangsawasdirat

Keyword(s):

Life Cycle ◽

Financial Stability ◽

Age Groups ◽

Policy Implications ◽

Retirement Age ◽

Household Debt ◽

Extensive And Intensive Margins ◽

Level Data ◽

Per Capita ◽

Life Cycle Pattern

This paper uses loan-level data from Thailand's National Credit Bureau to study household debt over the life cycle of borrowers. We decompose two aggregate and commonly used measures of debt—debt per capita and delinquency rate—into components that unveil the extensive and intensive margins of household indebtedness. We find a striking inverted-U life-cycle pattern of indebtedness as predicted by economic theories. However, peaks are reached at different ages for different loan products and different lenders. We also find that debt has expanded over time for all age groups. Younger cohorts seem to originate debt earlier in their lives than older generations. Meanwhile, older borrowers remain indebted well past their retirement age. Finally, we find a downward pattern of delinquency over the life cycle. Our findings have important policy implications on financial access and distress of households as well as on economic development and financial stability of the economy.

Download Full-text

Financial Stability Index for the Financial Sector of Pakistan

Economies ◽

10.3390/economies7030081 ◽

2019 ◽

Vol 7 (3) ◽

pp. 81

Author(s):

Sadia Babar ◽

Rashid Latief ◽

Sumaira Ashraf ◽

Sania Nawaz

Keyword(s):

Financial Stability ◽

Stability Index ◽

Financial Sector ◽

Decision Makers ◽

Return On Assets ◽

Financial Reports ◽

Liquid Asset ◽

Return On Equity ◽

Linear Probability

This study aims to develop a financial stability index for the Pakistani financial sector by using the financial reports for the period of 2001–2011. Specifically, we constructed three different classes of indices in this study based on a variance-equal weighted approach, a linear probability approach, and a logistic approach. We also assessed the prediction accuracy of the financial stability index. All indices indicated that profitability, liquid liability to the liquid asset, non-performing loan, uncovered liabilities, interest spread and inter-fund to liquid liabilities variables contribute significantly to the determination of financial stress of commercial banks. We also compared the results of indices computed with different methodologies—among them was the index constructed by employing coefficients of the logistic model and which performed outstandingly in predicting distressed and non-distressed banks. Moreover, the findings of this study suggest that in regard to return on assets and return on equity, when employed in a stepwise manner for developing the financial stability index, the results are similar in the sense that both profitability indicators have the same behavior. Finally, we conclude that the financial stability indices developed in this study could help decision makers to detect and avoid instability in the future.

Download Full-text

Computer-Aided Color Aesthetic Evaluation Method Based on the Combination of Form and Color

Mathematical Problems in Engineering ◽

10.1155/2015/153103 ◽

2015 ◽

Vol 2015 ◽

pp. 1-8 ◽

Cited By ~ 3

Author(s):

Wenke Kang ◽

Shengfeng Qin ◽

Quan Zhang

Keyword(s):

Field Theory ◽

Evaluation Method ◽

Evaluation Model ◽

Evaluation Process ◽

Calculation Algorithm ◽

Topological Graph ◽

Aesthetic Evaluation ◽

New Form ◽

Color Field ◽

Spencer Model

This paper presents a new method of color aesthetic evaluation based on the combination of form and color. According to the human visual physiological and psychological characteristics, this paper first proposes a new form-color field theory for the coupled form-color aesthetic evaluation based on the psychophysical field theory and the Moon and Spencer model. Second, it builds a coupled form-color topological graph for describing their interaction and develops a strength calculation algorithm for color harmony based on the new form-color field theory. Finally, it develops an aesthetic measure evaluation model for coupled form-color fields to evaluate the new theory. The experiment results show that the new coupled form-color aesthetic evaluation method is useful and can be integrated into an intelligent evaluation process for color design scheme.

Download Full-text

Influence of financial sustainability of households on default risks of regulated banks

E3S Web of Conferences ◽

10.1051/e3sconf/202015905015 ◽

2020 ◽

Vol 159 ◽

pp. 05015

Author(s):

Zuhra Yergasheva ◽

Saltanat Kondybayeva ◽

Ryszhan Kabylkairatkyzy ◽

Gulmira Yesengeldiyeva

Keyword(s):

Financial Stability ◽

Financial Sector ◽

Financial Sustainability ◽

The Real ◽

Household Sector ◽

Financial Condition ◽

Credit Risks ◽

Default Risks ◽

The Republic ◽

The Impact

The purpose of the article is to assess the financial sustainability of the household sector of the Republic of Kazakhstan and its impact on the real and financial sector in the context of minimizing the credit risks of the regulated banks of the Republic of Kazakhstan. The paper analyzes various points of view on assessing the financial sustainability of the household sector, makes a successful attempt to assess at a macroeconomic level the financial sustainability of households and the drawing potential of households in Kazakhstan using the OECD and IMF methods. The work made a holistic analysis of the financial condition and solvency of households in Kazakhstan, a forecasted VAR-model for assessing the impact of household financial sustainability on the state of the real sector of the economy has been developed; a regression model for assessing the impact of financial stability of households on the financial sector of Kazakhstan has been developed.

Download Full-text