Eurozone household debt varies based on institutions, paper finds
Whether households hold secured or unsecured debt, how much they hold, and the interest they pay on their mortgage varies widely across the eurozone and can in part be explained by the length of repossession period of secured debt collateral, according to a working paper published by the Bank of Spain.
The paper, The distribution of debt across euro area countries: the role of individual characteristics, institutions and credit conditions, written by a group of nine authors drawn from seven
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