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Macroeconomic consequences of indebtedness of households in the example of the Czech Republic
Hanzl, Jiří ; Dočkal, Dalibor (advisor) ; Czesaný, Slavoj (referee)
Subject of my work is problem of households indebtedness. I figure on Czech republic data rapid growth credits households, the biggest part rank credit on living, especially mortgage credit. Incidence increased credit activities can have devastating effect. During economic fall, at growing unemployment and fall earnings, some households have not enough sources and stop pay off a debt. Then non-performing loans on overall debt very fast grew since 2008 to current 4,5 %. Banks have to handle credit risk, because every unpaid loan presents loss. Important indicators relative indebtedness, which compare debt against wealth and household's savings, is in Czech republic in most affably. Households are clean takers interests from financial assets, so they can pay back the credit. To banks important share credits to deposits is on 60 per cent. Expected progress suppose growth non-performing loans, but there is no expectation to make bank condition worst.
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