Pregled bibliografske jedinice broj: 718216
A New Cluster-Based Financial Vulnerability Indicator and Its Application to Household Stress Testing in Croatia
A New Cluster-Based Financial Vulnerability Indicator and Its Application to Household Stress Testing in Croatia // Emerging markets finance and trade, 50 (2014), 5; 60-77 doi:10.2753/REE1540-496X500504 (međunarodna recenzija, članak, znanstveni)
CROSBI ID: 718216 Za ispravke kontaktirajte CROSBI podršku putem web obrasca
Naslov
A New Cluster-Based Financial Vulnerability Indicator and Its Application to Household Stress Testing in Croatia
Autori
Herceg, Ivana ; Nestić, Danijel
Izvornik
Emerging markets finance and trade (1540-496X) 50
(2014), 5;
60-77
Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni
Ključne riječi
household financial vulnerability; cluster analysis; stress testing; Croatia
Sažetak
This paper proposes a new approach to household financial vulnerability analysis by employing cluster technique in the identification of potentially vulnerable households. The cluster-based vulnerability indicator is applied to stress testing with the specific aim of assessing the extent to which the prolonged economic downturn following the Great Recession of 2008-2009 hurt indebted households in Croatia. The paper compares the results based on the new approach with those based on traditional methods. Interest rate shocks had a stronger impact on household vulnerability in the traditional approach, whereas decrease in employment is found to be more disruptive in the cluster-based approach.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
Citiraj ovu publikaciju:
Časopis indeksira:
- Current Contents Connect (CCC)
- Web of Science Core Collection (WoSCC)
- Social Science Citation Index (SSCI)
- SCI-EXP, SSCI i/ili A&HCI
- Scopus
- EconLit
