[표지]
프로그램(Program)
목차
Profile 10
세션 1. 개인파산 및 채무조정 프로그램(Personal Bankruptcy and Loan Modification) 29
한국의 개인파산 및 회생 제도(Personal Bankruptcy and Rehabilitation in Korea) / 김두얼 ; 최준규 30
1. Introduction 31
2. Evolution of the Personal Bankruptcy and Rehabilitation Acts 32
3. The Procedure of Personal Bankruptcy and Rehabilitation: The Current System 40
4. Characteristics of Applicants and Their Performance 44
5. Policy Suggestions 49
6. Conclusion 54
References 55
glossary 57
한국의 사적채무조정제도 : 개인워크아웃 이용성과의 결정요인(Determinants of the Long-term Outcome of the Private Debt-repayment Plan in Korea) / 오윤해 58
I. Introduction 58
II. Literature Review 60
III. Institutional Background of the CCRS 62
IV. Basic Statistics Analysis 64
V. Regression Analysis and Discussion 67
VI. Concluding Remarks 73
REFERENCES 74
Appendix. Robustness Check 76
세션 2. 가계부채의 취약성 평가와 실물경제와의 연계(Household Debt Vulnerability and the Real Economy) 78
한국 소비자의 과다채무와 금융 취약성: CB 자료 분석(Consumer Over-indebtedness and Financial Vulnerability in Korea: Evidence from Credit Bureau Data (Preliminary Version)) / 김영일 ; Hyong-Chan Kim ; Joo-Hee Yoo 79
Abstract 79
1. Introduction 80
2. Previous Studies 83
3. Data and Methods 85
4. Over-indebtedness and the Likelihood of Default 89
5. Types of the Over-indebted 96
6. Stress Test and Debt Vulnerability 99
7. Concluding Remarks 105
References 105
한국과 미국의 연령별 가계부채 분포의 구조변화 분석(Analysis of the Structural Change in Household Debt Distribution by Age of Householder in Korea and the US) / 김지섭 107
Abstract 107
1. Introduction 108
2. Data Description 111
3. Static Analysis of Household Debt Distribution 112
4. Dynamic Analysis of Household Debt Distribution 117
5. Analyzing Driving Forces of the Change in Household Debt Distribution 121
6. Concluding Remarks 128
References 130
Appendix 131
금융위기와 가계부채 및 소비: 덴마크 미시자료 분석(Household Debt and Consumption During the Financial Crisis: Evidence from Danish Micro Data / Aster Lau Andersen ; Charlotte Duus ; Thais Laerkholm Jensen 134
Abstract 135
1. Introduction 135
2. Macroeconomic background 139
3. The role of debt and leverage in household spending decisions 140
4. Data 142
5. Some basic correlations 147
6. Econometric specification 149
7. Results 151
8. Change in consumption vs. level of consumption 158
9. Debt-to-income ratios instead of loan-to-value ratios 160
10. Concluding remarks 161
11. Acknowledgements 162
References 162
12. Data appendix 163
가계의 부채축소(Deleveraging)와 저축률: 국제비교분석(Household Deleveraging and Saving Rates: A Cross-Country Analysis) / Romain Bouis 176
Abstract 176
1. Introduction 177
2. Definition of household deleveraging 180
3. The relationship between credit and saving 182
4. Empirical approach 186
5. Estimation results 188
6. Conclusion 200
References 202
세션 3. 가계부채와 정책 이슈(Household Debt and Policy Issues) 222
OECD 국가들의 가계부채: 정형화된 사실(Stylized Facts)과 정책이슈(HOUSEHOLD DEBT IN OECD COUNTRIES: STYLISED FACTS AND POLICY ISSUES) / Christophe Andre 223
Household debt in OECD countries: stylised facts 224
Drivers of household debt 233
Household debt and financial and macroeconomic stability 235
Policy responses 238
Conclusion 245
BIBLIOGRAPHY 246
주택담보인정비율(LTV) 규제가 한국의 거제경제에 미치는 영향(Effects of LTV(Loan-to-Value Ratio) regulations on Macroeconomy in Korea:) / 송인호 252
Section 1. Introduction 252
Section 2. Reviewing Preceding Studies 254
Section 3. Outline of Korean LTV and GDP 256
Section 4. Building A DSGE Model 262
Section 5. Estimation and Calibration 269
Section 6. Simulation Results 272
Section 7. Conclusion: Summary and Policy Implications 279
References 282
2차담보대출(home equity loan) 접근성과 소비의 관계: 싱가포르 정책실험(Access to Home Equity and Consumption: Evidence from a Policy Experiment) / Sumit Agarwal ; Wenlan Qian 284
Abstract 285
1. Introduction 286
2. Public Housing in Singapore and the 2010 Policy Experiment 292
3. Data 295
4. Identification and Empirical Strategy 298
5. Results 302
6. Conclusion 315
References 317
Appendix A. The Average Transaction Price within the HDB Resale Market 330
세션 4. 정책적 쟁점에 대한 패널 토론(Panel Discussion on Policy Issues)(내용없음) 331
[뒷표지] 332