Home repossession rules explain Europe's divergent debt profiles, paper finds
Cross-country differences in the age, income and education profiles of borrowers in the eurozone are partly a result of the diverse legal processes surrounding the repossession of house, according to a discussion paper published today by the Deutsche Bundesbank.
The distribution of debt across euro area countries: the role of individual characteristics, institutions and credit conditions was authored by a host of economists from across Europe: Olympia Bover, Eva Sierminska, Jose Maria Casado
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