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Effect of Financial Development on Household Indebtedness

Raza, Syeda Nida LU (2024) NEKP01 20241
Department of Economics
Abstract
The objective of this study is to examine the effect of financial development on household indebtedness. Prior research have highlighted various determinants that have contributed towards increasing levels of household debt. Using data on financial development and household debt, collected from multiple databases, the study aims to isolate the effect of financial development index on household indebtedness. The results show that higher level of financial development leads to higher level of household indebtedness. The findings of my study support the implementation of policies that simultaneously encourage the development of efficient and expansive financial system coupled with greater access to credit to households while addressing the... (More)
The objective of this study is to examine the effect of financial development on household indebtedness. Prior research have highlighted various determinants that have contributed towards increasing levels of household debt. Using data on financial development and household debt, collected from multiple databases, the study aims to isolate the effect of financial development index on household indebtedness. The results show that higher level of financial development leads to higher level of household indebtedness. The findings of my study support the implementation of policies that simultaneously encourage the development of efficient and expansive financial system coupled with greater access to credit to households while addressing the potential risks associated with high levels of household indebtedness. (Less)
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author
Raza, Syeda Nida LU
supervisor
organization
course
NEKP01 20241
year
type
H2 - Master's Degree (Two Years)
subject
keywords
Financial development, Household Indebtedness, Household debt, Financial Development Index
language
English
id
9170695
date added to LUP
2024-10-01 13:21:31
date last changed
2024-10-01 13:21:31
@misc{9170695,
  abstract     = {{The objective of this study is to examine the effect of financial development on household indebtedness. Prior research have highlighted various determinants that have contributed towards increasing levels of household debt. Using data on financial development and household debt, collected from multiple databases, the study aims to isolate the effect of financial development index on household indebtedness. The results show that higher level of financial development leads to higher level of household indebtedness. The findings of my study support the implementation of policies that simultaneously encourage the development of efficient and expansive financial system coupled with greater access to credit to households while addressing the potential risks associated with high levels of household indebtedness.}},
  author       = {{Raza, Syeda Nida}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{Effect of Financial Development on Household Indebtedness}},
  year         = {{2024}},
}