Denmark: Selected Issues

December 9, 2014

Preview Citation

Format: Chicago

Denmark: Selected Issues, (USA: International Monetary Fund, 2014) accessed December 25, 2024

Summary

This Selected Issues paper examines the household debt situation in Denmark and factors that have contributed to the high level of household debt in the country. Various factors seem to account for the size of household debt, including large pension assets, a highly developed mortgage market, the availability of flexible mortgage products such as deferred amortization loans, indirect subsidies through tax preferences for home ownership, and a regulated rental market that limits mobility. The paper highlights that high household debt could pose direct risks to financial stability if the number of mortgage loan defaults rises sharply in the face of adverse shocks.

Subject: Expenditure, Financial institutions, Loans, Mortgages, Output gap, Potential output, Production

Keywords: CR, Estimate, Estimates of the output gap, Europe, Global, Household debt, ISCR, Loans, Mortgage debt, Mortgages, Output gap, Output gap estimate, Output gap revision, Potential GDP, Potential output

Publication Details

Pages:

52
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/332
Stock No:

1DNKEA2014002
ISBN:

9781484374313
ISSN:

1934-7685

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