IMF Staff Country Reports

Sweden: Financial Sector Assessment Program Update: Technical Note on Household Indebtedness: Implications for Financial Stability

September 16, 2011

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Sweden: Financial Sector Assessment Program Update: Technical Note on Household Indebtedness: Implications for Financial Stability, (USA: International Monetary Fund, 2011) accessed December 30, 2024

Summary

As in other advanced economies, there has been a significant run-up of household debt in Sweden during the last two decades accompanied by rising housing prices, prompting concerns about sustainability and the implications for financial stability. The rise in household debt and the banking system’s increased exposure to mortgage debt resulted with the changes in the macroeconomic environment. The note explores implications for financial stability of household indebtedness as well as Sweden's specific institutional features to ensure resilience of the financial system.

Subject: Covered bonds, Financial institutions, Housing, Housing prices, Loans, Mortgages, National accounts, Prices

Keywords: Covered bond, Covered bond funding, Covered bond holder, Covered bond issuance, Covered bond law, Covered bonds, Covered bonds bond market, CR, Debt, Debt affordability, EU covered bond bond market, Europe, Financial crisis, Global, House price, Household debt, Housing, Housing prices, Interest rate, ISCR, Loans, Mortgage, Mortgage interest rates, Mortgages, Price

Publication Details

  • Pages:

    23

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2011/289

  • Stock No:

    1SWEEA2011012

  • ISBN:

    9781463903602

  • ISSN:

    1934-7685