The Crisis Hits Home : Stress-Testing Households in Europe and Central Asia

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collection.link.129
https://openknowledge.worldbank.org/handle/10986/5993
collection.name.129
Stand alone books
dc.contributor.author
Tiongson, Erwin R.
dc.contributor.author
Sugawara, Naotaka
dc.contributor.author
Sulla, Victor
dc.contributor.author
Taylor, Ashley
dc.contributor.author
Gueorguieva, Anna I.
dc.contributor.author
Levin, Victoria
dc.contributor.author
Subbarao, Kalanidhi
dc.date.accessioned
2012-03-19T09:32:30Z
dc.date.available
2012-03-19T09:32:30Z
dc.date.issued
2010
dc.description.abstract
The Europe and Central Asia (ECA) region has been hit by a crisis on multiple fronts. Countries in ECA are facing major, interrelated, external macro-financial shocks. The first is the global growth slowdown leading to falling export market demand. In addition, the prospects for inflows of remittances to low-income countries have been downgraded as economic activity in migrant host countries has declined. The second is the financial deleveraging by major banks and other financial institutions in developed economies, which has markedly reduced the availability, and increased the cost, of external finance across public, corporate, and financial sectors. The third is the recent commodity price changes, which have involved a reversal of much of the commodity price boom of 2007 and 2008. The main objective of the study is to understand the impact of these macroeconomic shocks on household well-being. In particular, it seeks to understand the key macroeconomic shocks confronted by the region and the impact of such shocks on household welfare, including the effect on household income flows, consumption levels, and liabilities. It will also assess possible strategies to cope with the crisis and manage the adverse social impact.
en
dc.identifier.isbn
978-0-8213-8222-6
dc.identifier.uri
http://hdl.handle.net/10986/2396
dc.language
English
dc.publisher
World Bank
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
ACCESS TO CREDIT
dc.subject
ACCOUNTING
dc.subject
ADVANCED ECONOMIES
dc.subject
AGRICULTURAL ACTIVITY
dc.subject
AGRICULTURE ORGANIZATION
dc.subject
ASSET CLASSES
dc.subject
ASSET POSITIONS
dc.subject
ASSET PRICE
dc.subject
ASSET QUALITY
dc.subject
AVAILABILITY OF CREDIT
dc.subject
BALANCE SHEET
dc.subject
BALANCE SHEETS
dc.subject
BANK CREDIT
dc.subject
BANKING MARKETS
dc.subject
BANKING SECTOR
dc.subject
BANKING SECTORS
dc.subject
BANKING SYSTEM
dc.subject
BANKING SYSTEMS
dc.subject
BANKS
dc.subject
BASIS POINTS
dc.subject
BOND
dc.subject
BOND INDEX
dc.subject
BOND VALUATIONS
dc.subject
BORROWING
dc.subject
CAPITAL ACCUMULATION
dc.subject
CAPITAL ADEQUACY
dc.subject
CAPITAL FLOWS
dc.subject
CAPITAL INFLOWS
dc.subject
CAPITAL OUTFLOWS
dc.subject
CASH TRANSFERS
dc.subject
CENTRAL BANK
dc.subject
COLLATERAL
dc.subject
COMMODITY PRICE
dc.subject
COMMODITY PRICES
dc.subject
CONSUMER DURABLES
dc.subject
CONSUMER PRICE INDEX
dc.subject
COST OF CREDIT
dc.subject
CREDIT CONSTRAINTS
dc.subject
CREDIT CRUNCH
dc.subject
CREDIT DEFAULT
dc.subject
CREDIT DEFAULT SWAPS
dc.subject
CREDIT GROWTH
dc.subject
CREDIT MARKET
dc.subject
CREDIT MARKETS
dc.subject
CREDIT RISK
dc.subject
CREDIT RISKS
dc.subject
CREDIT SPREADS
dc.subject
CREDITOR
dc.subject
CREDITOR BANK
dc.subject
CREDITOR BANKS
dc.subject
CRISIS COUNTRIES
dc.subject
CURRENCY DEPRECIATIONS
dc.subject
CURRENT ACCOUNT
dc.subject
CURRENT ACCOUNT DEFICITS
dc.subject
DEBT BURDENS
dc.subject
DEBT HOLDING
dc.subject
DEBT OBLIGATIONS
dc.subject
DEBT REPAYMENTS
dc.subject
DEBT SERVICE
dc.subject
DELINQUENCY RATES
dc.subject
DEPOSIT
dc.subject
DEPOSITS
dc.subject
DEVELOPING COUNTRIES
dc.subject
DEVELOPING COUNTRY
dc.subject
DEVELOPMENT BANK
dc.subject
DEVELOPMENT FINANCE
dc.subject
DIVERSIFICATION
dc.subject
DOMESTIC LIQUIDITY
dc.subject
DURABLES
dc.subject
EARNINGS
dc.subject
ECONOMIC ACTIVITIES
dc.subject
ECONOMIC ACTIVITY
dc.subject
ECONOMIC CRISIS
dc.subject
ECONOMIC DEVELOPMENTS
dc.subject
ECONOMIC EFFICIENCY
dc.subject
ECONOMIC GROWTH
dc.subject
ECONOMIC POLICY
dc.subject
EMERGING ECONOMIES
dc.subject
EMERGING MARKET
dc.subject
EMERGING MARKETS
dc.subject
EMPLOYMENT OPPORTUNITIES
dc.subject
EQUIPMENT
dc.subject
EQUITIES
dc.subject
EQUITY HOLDINGS
dc.subject
EQUITY INDEX
dc.subject
EQUITY MARKET
dc.subject
EQUITY MARKETS
dc.subject
EXCHANGE RATE
dc.subject
EXCHANGE RATES
dc.subject
EXPORT EARNINGS
dc.subject
EXTERNAL FINANCE
dc.subject
EXTERNAL FINANCING
dc.subject
EXTERNAL SHOCKS
dc.subject
FAMILIES
dc.subject
FAMILY INCOME
dc.subject
FINANCIAL ASSETS
dc.subject
FINANCIAL CRISIS
dc.subject
FINANCIAL INSTITUTIONS
dc.subject
FINANCIAL LITERACY
dc.subject
FINANCIAL MARKET
dc.subject
FINANCIAL MARKETS
dc.subject
FINANCIAL RISK
dc.subject
FINANCIAL SECTOR DEVELOPMENT
dc.subject
FINANCIAL SHOCKS
dc.subject
FINANCIAL VIABILITY
dc.subject
FINANCING REQUIREMENTS
dc.subject
FISCAL DEFICITS
dc.subject
FISCAL POLICY
dc.subject
FOREIGN BANK
dc.subject
FOREIGN CURRENCIES
dc.subject
FOREIGN CURRENCY
dc.subject
FOREIGN CURRENCY EXPOSURES
dc.subject
FOREIGN DIRECT INVESTMENT
dc.subject
FOREIGN INVESTORS
dc.subject
FUNDING SOURCES
dc.subject
GENDER
dc.subject
GLOBAL DEVELOPMENT FINANCE
dc.subject
GLOBAL TRADE
dc.subject
GOVERNMENT DEFICITS
dc.subject
GOVERNMENT POLICIES
dc.subject
GOVERNMENT POLICY
dc.subject
GROSS DOMESTIC PRODUCT
dc.subject
HOME OWNERSHIP
dc.subject
HOMEOWNERS
dc.subject
HOST COUNTRIES
dc.subject
HOUSEHOLD DEBT
dc.subject
HOUSEHOLD INCOME
dc.subject
HOUSEHOLD INCOMES
dc.subject
HOUSEHOLD WEALTH
dc.subject
HOUSEHOLD WELFARE
dc.subject
HOUSEHOLDS
dc.subject
HOUSING LOANS
dc.subject
HUMAN CAPITAL
dc.subject
INCOME FLOWS
dc.subject
INCOME SHOCKS
dc.subject
INDEBTED HOUSEHOLDS
dc.subject
INDEBTEDNESS
dc.subject
INEQUALITY
dc.subject
INFORMAL CREDIT
dc.subject
INTEREST RATE
dc.subject
INTEREST RATE RISKS
dc.subject
INTEREST RATES
dc.subject
INTERNATIONAL BANK
dc.subject
INTERNATIONAL BANKING
dc.subject
INTERNATIONAL FINANCIAL MARKETS
dc.subject
INTERNATIONAL FINANCIAL STATISTICS
dc.subject
INTERNATIONAL SETTLEMENTS
dc.subject
JOB CREATION
dc.subject
LABOR FORCE SURVEYS
dc.subject
LABOR MARKET
dc.subject
LACK OF ACCESS
dc.subject
LIABILITY
dc.subject
LIABILITY SIDE
dc.subject
LIMITED ACCESS
dc.subject
LIQUIDITY
dc.subject
LIQUIDITY PROBLEMS
dc.subject
LIQUIDITY RISK
dc.subject
LIQUIDITY RISKS
dc.subject
LIVING STANDARDS
dc.subject
LOAN
dc.subject
LOAN DELINQUENCY
dc.subject
LOCAL CURRENCY
dc.subject
MACROECONOMIC CRISES
dc.subject
MACROECONOMIC STABILITY
dc.subject
MARK-TO-MARKET
dc.subject
MARKET ENVIRONMENT
dc.subject
MATURITY
dc.subject
MATURITY MISMATCHES
dc.subject
MIGRANT LABOR
dc.subject
MIGRANT WORKERS
dc.subject
MONETARY FUND
dc.subject
MONETARY POLICY
dc.subject
MONEY TRANSFER
dc.subject
MORTGAGE
dc.subject
MORTGAGE DEBT
dc.subject
MORTGAGE LOANS
dc.subject
MORTGAGES
dc.subject
MUTUAL FUND
dc.subject
MUTUAL FUNDS
dc.subject
NET WORTH
dc.subject
NPL
dc.subject
OIL PRICE
dc.subject
OIL PRICES
dc.subject
PENSION
dc.subject
PENSION FUND
dc.subject
PENSION FUNDS
dc.subject
PENSION PROVISION
dc.subject
PENSION SYSTEM
dc.subject
PENSION SYSTEMS
dc.subject
POLICY RESPONSE
dc.subject
POLICY RESPONSES
dc.subject
PORTFOLIO
dc.subject
PORTFOLIO RISK
dc.subject
PRICE CHANGES
dc.subject
PRICE MOVEMENTS
dc.subject
PRIVATE CAPITAL
dc.subject
PRIVATE CREDIT
dc.subject
PRIVATE INVESTMENTS
dc.subject
PUBLIC INVESTMENTS
dc.subject
PURCHASING POWER
dc.subject
PURCHASING POWER PARITY
dc.subject
RECESSION
dc.subject
REMITTANCE
dc.subject
REMITTANCES
dc.subject
RETURNS
dc.subject
RISK AVERSION
dc.subject
RISK MITIGATION
dc.subject
SAFETY NET
dc.subject
SAFETY NETS
dc.subject
SAVINGS
dc.subject
SECONDARY MARKET
dc.subject
SHARE OF EQUITIES
dc.subject
SOCIAL CAPITAL
dc.subject
SOLVENCY
dc.subject
SOURCE OF INCOME
dc.subject
SOURCES OF FUNDS
dc.subject
SOVEREIGN BOND
dc.subject
STANDARD ASSET
dc.subject
TRADE BALANCE
dc.subject
TRADE CREDITS
dc.subject
TRADING
dc.subject
UNEMPLOYMENT
dc.subject
UNEMPLOYMENT INSURANCE
dc.subject
UNION
dc.subject
VALUATION
dc.subject
VULNERABLE HOUSEHOLDS
dc.subject
WEALTH EFFECTS
dc.title
The Crisis Hits Home : Stress-Testing Households in Europe and Central Asia
en
okr.date.disclosure
2010-05-19
okr.doctype
Publications & Research :: Publication
okr.doctype
Publications & Research :: Publication
okr.docurl
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20100104224214
okr.globalpractice
Macroeconomics and Fiscal Management
okr.globalpractice
Finance and Markets
okr.globalpractice
Trade and Competitiveness
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/978-0-8213-8222-6
okr.identifier.externaldocumentum
000333038_20100104224214
okr.identifier.internaldocumentum
11601214
okr.identifier.report
52277
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/01/04/000333038_20100104224214/Rendered/PDF/522770PUB0REPL101Official0Use0Only1.pdf
en
okr.region.administrative
Europe and Central Asia
okr.region.geographical
Eastern Europe
okr.region.geographical
Central Asia
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.topic
Private Sector Development :: Emerging Markets
okr.topic
Finance and Financial Sector Development :: Currencies and Exchange Rates
okr.topic
Macroeconomics and Economic Growth :: Economic Theory & Research
okr.topic
Finance and Financial Sector Development :: Access to Finance
okr.unit
Office of the Chief Economist (ECACE)
okr.volume
1 of 1

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