The Crisis Hits Home: Stress Testing Households In Europe And Central Asia

Business & Finance, Personal Finance
Cover of the book The Crisis Hits Home: Stress Testing Households In Europe And Central Asia by Tiongson Erwin; Gueorguieva Anna I.; Levin Victoria; Subbarao Kalanidhi; Sugawara Naotaka; Sulla Victor; Taylor Ashley, World Bank
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Tiongson Erwin; Gueorguieva Anna I.; Levin Victoria; Subbarao Kalanidhi; Sugawara Naotaka; Sulla Victor; Taylor Ashley ISBN: 9780821382226
Publisher: World Bank Publication: December 2, 2009
Imprint: Language: English
Author: Tiongson Erwin; Gueorguieva Anna I.; Levin Victoria; Subbarao Kalanidhi; Sugawara Naotaka; Sulla Victor; Taylor Ashley
ISBN: 9780821382226
Publisher: World Bank
Publication: December 2, 2009
Imprint:
Language: English
The crisis threatens the welfare of about 160 million people in the Europe and Central Asia (ECA) region who are poor or are just above the poverty line. Using pre-crisis household data along with aggregate macroeconomic outturns to simulate the impact of the crisis on households transmitted via credit market shocks, price shocks, and income shocks this report finds that adverse effects are widespread and that poor and non-poor households alike are vulnerable. By 2010, for the region as a whole, some 11 million more people will likely be in poverty and over 23 million more people will find themselves just above the poverty line because of the crisis.The aggregate results mask the heterogeneity of impact within countries, including the concentration of the poverty impact in selected economic sectors. Meanwhile, stress tests on household indebtedness in selected countries suggest that ongoing macroeconomic shocks will expand the pool of households unable to service their debt, many of them from among the ranks of relatively richer households. In fact, already there are rising household loan delinquency rates. Finally, there is evidence that the food and fuel crisis is not over and a new round of price increases, via currency adjustments, will have substantial effects on net consumers. Lessons from last year's food crisis suggest that the poor are the worst hit, as many of the poor in Albania, Kyrgyz Republic, and Tajikistan, for example, are net food consumers, with limited access to agricultural assets and inputs.
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
The crisis threatens the welfare of about 160 million people in the Europe and Central Asia (ECA) region who are poor or are just above the poverty line. Using pre-crisis household data along with aggregate macroeconomic outturns to simulate the impact of the crisis on households transmitted via credit market shocks, price shocks, and income shocks this report finds that adverse effects are widespread and that poor and non-poor households alike are vulnerable. By 2010, for the region as a whole, some 11 million more people will likely be in poverty and over 23 million more people will find themselves just above the poverty line because of the crisis.The aggregate results mask the heterogeneity of impact within countries, including the concentration of the poverty impact in selected economic sectors. Meanwhile, stress tests on household indebtedness in selected countries suggest that ongoing macroeconomic shocks will expand the pool of households unable to service their debt, many of them from among the ranks of relatively richer households. In fact, already there are rising household loan delinquency rates. Finally, there is evidence that the food and fuel crisis is not over and a new round of price increases, via currency adjustments, will have substantial effects on net consumers. Lessons from last year's food crisis suggest that the poor are the worst hit, as many of the poor in Albania, Kyrgyz Republic, and Tajikistan, for example, are net food consumers, with limited access to agricultural assets and inputs.

More books from World Bank

Cover of the book Financial Services And Preferential Trade Agreements: Lessons From Latin America by Tiongson Erwin; Gueorguieva Anna I.; Levin Victoria; Subbarao Kalanidhi; Sugawara Naotaka; Sulla Victor; Taylor Ashley
Cover of the book Is Geography Destiny? : Lessons From Latin America by Tiongson Erwin; Gueorguieva Anna I.; Levin Victoria; Subbarao Kalanidhi; Sugawara Naotaka; Sulla Victor; Taylor Ashley
Cover of the book Transforming Microfinance Institutions: Providing Full Financial Services To The Poor by Tiongson Erwin; Gueorguieva Anna I.; Levin Victoria; Subbarao Kalanidhi; Sugawara Naotaka; Sulla Victor; Taylor Ashley
Cover of the book Critical Connections by Tiongson Erwin; Gueorguieva Anna I.; Levin Victoria; Subbarao Kalanidhi; Sugawara Naotaka; Sulla Victor; Taylor Ashley
Cover of the book Public Office, Private Interests: Accountability through Income and Asset Disclosure by Tiongson Erwin; Gueorguieva Anna I.; Levin Victoria; Subbarao Kalanidhi; Sugawara Naotaka; Sulla Victor; Taylor Ashley
Cover of the book China's And India's Challenge To Latin America: Opportunity Or Threat? by Tiongson Erwin; Gueorguieva Anna I.; Levin Victoria; Subbarao Kalanidhi; Sugawara Naotaka; Sulla Victor; Taylor Ashley
Cover of the book Community-Based Landslide Risk Reduction by Tiongson Erwin; Gueorguieva Anna I.; Levin Victoria; Subbarao Kalanidhi; Sugawara Naotaka; Sulla Victor; Taylor Ashley
Cover of the book The Little Data Book 2012 by Tiongson Erwin; Gueorguieva Anna I.; Levin Victoria; Subbarao Kalanidhi; Sugawara Naotaka; Sulla Victor; Taylor Ashley
Cover of the book The Little Data Book 2011 by Tiongson Erwin; Gueorguieva Anna I.; Levin Victoria; Subbarao Kalanidhi; Sugawara Naotaka; Sulla Victor; Taylor Ashley
Cover of the book Breaking The Conflict Trap: Civil War And Development Policy by Tiongson Erwin; Gueorguieva Anna I.; Levin Victoria; Subbarao Kalanidhi; Sugawara Naotaka; Sulla Victor; Taylor Ashley
Cover of the book Poverty And The Environment: Understanding Linkages At The Household Level by Tiongson Erwin; Gueorguieva Anna I.; Levin Victoria; Subbarao Kalanidhi; Sugawara Naotaka; Sulla Victor; Taylor Ashley
Cover of the book Benchmarking Public Procurement 2016 by Tiongson Erwin; Gueorguieva Anna I.; Levin Victoria; Subbarao Kalanidhi; Sugawara Naotaka; Sulla Victor; Taylor Ashley
Cover of the book Financing Transit-Oriented Development with Land Values by Tiongson Erwin; Gueorguieva Anna I.; Levin Victoria; Subbarao Kalanidhi; Sugawara Naotaka; Sulla Victor; Taylor Ashley
Cover of the book Governance Of Technical Education In India: Key Issues, Principles, And Case Studies by Tiongson Erwin; Gueorguieva Anna I.; Levin Victoria; Subbarao Kalanidhi; Sugawara Naotaka; Sulla Victor; Taylor Ashley
Cover of the book World Development Indicators 2008 by Tiongson Erwin; Gueorguieva Anna I.; Levin Victoria; Subbarao Kalanidhi; Sugawara Naotaka; Sulla Victor; Taylor Ashley
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy