What Drives Household Borrowing and Credit Constraints?: Evidence From Bosnia and Herzegovina
Although Bosnia and Herzegovina (BiH) has experienced rapid growth in credit to households in recent years, most individuals are still credit constrained. This paper analyzes the determinants of household credit demand and credit constraints in BiH. To our knowledge, it is the first study on this to...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2008
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 08/202 |
| Schlagworte: | |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 URL des Erstveröffentlichers |
| Zusammenfassung: | Although Bosnia and Herzegovina (BiH) has experienced rapid growth in credit to households in recent years, most individuals are still credit constrained. This paper analyzes the determinants of household credit demand and credit constraints in BiH. To our knowledge, it is the first study on this topic employing household survey data (2001 and 2004) from Emerging Europe. Our results highlight the impact of the post-conflict and transitional nature of the country on the behavior of borrowers and lenders. As expected, age, income, wealth and education qualifications are the main factors driving credit market participation, while high income and high wealth lower credit constraints. In BiH, the probability of credit market participation peaks at 45 years old, considerably higher than in the advanced countries. At the same time, older individuals are significantly more constrained than their peers in the advanced countries. The results imply that the current credit boom may largely reflect the overall post-war demand, and indicate the worse-off position of the older generation in transition economy. Moreover, the results underscore the structural nature of unemployment as well as the mismatch between education qualifications and earning prospects in BiH. Education variables have no significant effect on the likelihood of being constrained, while, unlike in the advanced countries, being unemployed significantly increases the likelihood |
| Beschreibung: | Includes bibliographical references |
| Beschreibung: | 1 Online-Ressource (34 p) |
| ISBN: | 1451870604 9781451870602 |
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| 245 | 1 | 0 | |a What Drives Household Borrowing and Credit Constraints? |b Evidence From Bosnia and Herzegovina |c Chen, Ke Chen |
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| 520 | 3 | |a Although Bosnia and Herzegovina (BiH) has experienced rapid growth in credit to households in recent years, most individuals are still credit constrained. This paper analyzes the determinants of household credit demand and credit constraints in BiH. To our knowledge, it is the first study on this topic employing household survey data (2001 and 2004) from Emerging Europe. Our results highlight the impact of the post-conflict and transitional nature of the country on the behavior of borrowers and lenders. As expected, age, income, wealth and education qualifications are the main factors driving credit market participation, while high income and high wealth lower credit constraints. In BiH, the probability of credit market participation peaks at 45 years old, considerably higher than in the advanced countries. At the same time, older individuals are significantly more constrained than their peers in the advanced countries. The results imply that the current credit boom may largely reflect the overall post-war demand, and indicate the worse-off position of the older generation in transition economy. Moreover, the results underscore the structural nature of unemployment as well as the mismatch between education qualifications and earning prospects in BiH. Education variables have no significant effect on the likelihood of being constrained, while, unlike in the advanced countries, being unemployed significantly increases the likelihood | |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:25Z |
| indexdate | 2024-07-10T09:35:33Z |
| institution | BVB |
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| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033727715 |
| oclc_num | 467298237 |
| open_access_boolean | |
| owner | DE-20 DE-824 DE-70 DE-155 DE-BY-UBR DE-29 DE-22 DE-BY-UBG DE-473 DE-BY-UBG DE-1102 DE-703 DE-859 DE-706 DE-384 DE-860 DE-19 DE-BY-UBM DE-739 DE-355 DE-BY-UBR DE-Aug4 DE-1049 DE-12 DE-91 DE-BY-TUM |
| owner_facet | DE-20 DE-824 DE-70 DE-155 DE-BY-UBR DE-29 DE-22 DE-BY-UBG DE-473 DE-BY-UBG DE-1102 DE-703 DE-859 DE-706 DE-384 DE-860 DE-19 DE-BY-UBM DE-739 DE-355 DE-BY-UBR DE-Aug4 DE-1049 DE-12 DE-91 DE-BY-TUM |
| physical | 1 Online-Ressource (34 p) |
| psigel | ZDB-1-IMF |
| publishDate | 2008 |
| publishDateSearch | 2008 |
| publishDateSort | 2008 |
| publisher | International Monetary Fund |
| record_format | marc |
| series2 | IMF Working Papers |
| spelling | Chen, Ke Chen Verfasser aut What Drives Household Borrowing and Credit Constraints? Evidence From Bosnia and Herzegovina Chen, Ke Chen Washington, D.C International Monetary Fund 2008 1 Online-Ressource (34 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 08/202 Includes bibliographical references Although Bosnia and Herzegovina (BiH) has experienced rapid growth in credit to households in recent years, most individuals are still credit constrained. This paper analyzes the determinants of household credit demand and credit constraints in BiH. To our knowledge, it is the first study on this topic employing household survey data (2001 and 2004) from Emerging Europe. Our results highlight the impact of the post-conflict and transitional nature of the country on the behavior of borrowers and lenders. As expected, age, income, wealth and education qualifications are the main factors driving credit market participation, while high income and high wealth lower credit constraints. In BiH, the probability of credit market participation peaks at 45 years old, considerably higher than in the advanced countries. At the same time, older individuals are significantly more constrained than their peers in the advanced countries. The results imply that the current credit boom may largely reflect the overall post-war demand, and indicate the worse-off position of the older generation in transition economy. Moreover, the results underscore the structural nature of unemployment as well as the mismatch between education qualifications and earning prospects in BiH. Education variables have no significant effect on the likelihood of being constrained, while, unlike in the advanced countries, being unemployed significantly increases the likelihood Online-Ausg Credit Bosnia and Hercegovina Econometric models Households Bosnia and Hercegovina Econometric models Mortgage loans Bosnia and Hercegovina Econometric models Electronic books Chivakul, Mali Sonstige oth http://elibrary.imf.org/view/IMF001/09458-9781451870602/09458-9781451870602/09458-9781451870602.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Chen, Ke Chen What Drives Household Borrowing and Credit Constraints? Evidence From Bosnia and Herzegovina Credit Bosnia and Hercegovina Econometric models Households Bosnia and Hercegovina Econometric models Mortgage loans Bosnia and Hercegovina Econometric models |
| title | What Drives Household Borrowing and Credit Constraints? Evidence From Bosnia and Herzegovina |
| title_auth | What Drives Household Borrowing and Credit Constraints? Evidence From Bosnia and Herzegovina |
| title_exact_search | What Drives Household Borrowing and Credit Constraints? Evidence From Bosnia and Herzegovina |
| title_exact_search_txtP | What Drives Household Borrowing and Credit Constraints? Evidence From Bosnia and Herzegovina |
| title_full | What Drives Household Borrowing and Credit Constraints? Evidence From Bosnia and Herzegovina Chen, Ke Chen |
| title_fullStr | What Drives Household Borrowing and Credit Constraints? Evidence From Bosnia and Herzegovina Chen, Ke Chen |
| title_full_unstemmed | What Drives Household Borrowing and Credit Constraints? Evidence From Bosnia and Herzegovina Chen, Ke Chen |
| title_short | What Drives Household Borrowing and Credit Constraints? |
| title_sort | what drives household borrowing and credit constraints evidence from bosnia and herzegovina |
| title_sub | Evidence From Bosnia and Herzegovina |
| topic | Credit Bosnia and Hercegovina Econometric models Households Bosnia and Hercegovina Econometric models Mortgage loans Bosnia and Hercegovina Econometric models |
| topic_facet | Credit Bosnia and Hercegovina Econometric models Households Bosnia and Hercegovina Econometric models Mortgage loans Bosnia and Hercegovina Econometric models |
| url | http://elibrary.imf.org/view/IMF001/09458-9781451870602/09458-9781451870602/09458-9781451870602.xml |
| work_keys_str_mv | AT chenkechen whatdriveshouseholdborrowingandcreditconstraintsevidencefrombosniaandherzegovina AT chivakulmali whatdriveshouseholdborrowingandcreditconstraintsevidencefrombosniaandherzegovina |