Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/105947 
Erscheinungsjahr: 
2011
Schriftenreihe/Nr.: 
IMK Working Paper No. 5/2011
Verlag: 
Hans-Böckler-Stiftung, Institut für Makroökonomie und Konjunkturforschung (IMK), Düsseldorf
Zusammenfassung: 
This paper presents a model addressing the conditions under which financial instability arises in the event of household debt. The model addresses two main cases. First, household debt is affected by functional income distribution. Second, household debt is affected by credit supply and depends on bank performances. The model shows that financial fragility arises through a Fisher effect in the first case and through a debt financed consumption boom in the second case. The model then explores two extensions. First, we raise the question of debt default and its impact on financial instability. Second, we discuss the ability of capital adequacy ratio to limit financial instability.
Schlagwörter: 
Flexicurity
employer of ¯rst resort
Solovian growth
company pension funds
sustainability
JEL: 
E3
E6
H1
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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