Preferencje help
Widoczny [Schowaj] Abstrakt
Liczba wyników
2019 | vol. 19, iss. 2 | 56--67
Tytuł artykułu

Sources of Financing of Household Debt in Poland

Warianty tytułu
Języki publikacji
Research background: This paper analyses the inter-relationships between the sources of financing households' and the debt burden of indebted households. Purpose: The aim of the paper is to find out inter-relationships between the sources of financing debt and its burden among indebted households. Research Methodology: The research is divided into two parts. The first represents household debt in Poland in comparison to Euro area countries on the basis of the Households Finance and Consumption Survey. The second analyses are the data collected by the questionnaire at the beginning of 2018 in the Lubelskie voivodeship using the Tau b Kendall coefficient. Results: The analysis shows that households in the Lubelskie voivodeship focus their debt on financing their housing and consumption needs, whereby the main source of obtaining credit is commercial banks. However, there is a real risk observed in the concentration of loans in parabanks in general and in the need to use low private loans. Novelty: The findings show that the picture of household debt requires a thorough analysis in different contexts, as from an initial examination the situation looks relatively good, but when analysing more deeply and dividing households into separate groups with similar characteristics, we find considerable varied problems influencing households' financial situations and raising the risk following their indebtedness.(original abstract)
Opis fizyczny
  • Maria Curie-Skłodowska University in Lublin, Poland
  • Ando, A., Modigliani, F. (1963). The "Life-Cycle" Hypothesis of Saving: Aggregate Implications and Tests. American Economic Review, 53, 55-84.
  • Anioła, P., Gołaś, Z. (2012). Differences in the level and structure of household indebtedness in the EU countries. Contemporary Economics, 6 (1), 46-59. DOI: 10.5709/ce.1897-9254.33.
  • Becker, T.A., Shabani, R. (2010). Outstanding Debt and the Household Portfolio. Review of Financial Studies, 23 (7), 2900-2934. DOI: 10.1093/rfs/hhq023.
  • Brown, S., Taylor, K. (2008). Household debt and financial assets: evidence from Germany, Great Britain and the USA. Journal of the Royal Statistical Society: Series A (Statistics in Society), 171 (3), 615-643. DOI: 10.1111/j.1467-985X.2007.00531.x.
  • Caju, P. Du, Roelandt, T., Nieuwenhuyze, C. Van, Zachary, M.D. (2014). Household debt : evolution and distribution. Economic Review, September, 61-80.
  • Campbell, J.Y. (2006). Household Finance. The Journal of Finance, 61 (4), 1553-1604. DOI: 10.1111/j.1540-6261.2006.00883.x.
  • Carroll, C.D. (2001). A Theory of the Consumption Function, With and Without Liquidity Constraints. Journal of Economic Perspectives, 15 (3), 23-45. DOI: 10.1257/jep.15.3.23.
  • Carroll, C.D., Kimball, M.S. (2001). Liquidity Constraints and Precautionary Saving. NBER Working Paper. DOI: 10.3386/w8496.
  • Central Statistical Office (2017a). Sytuacja gospodarstw domowych w 2016 r. w świetle wyników badania budżetów gospodarstw domowych. Warszawa: GUS.
  • Central Statistical Office (2017b). Wstępne szacunki produkt krajowy brutto według województw w 2016 r. Katowice: GUS.
  • Directive 2008/48/EC of the European Parliament and of the Council of 23 April 2008 on credit agreements for consumers and repealing Council Directive 87/102/EEC.
  • European Commission, Green PaperShadow Banking (Text with EEA relevance), Brussels, 19.3.2012 COM (2012) 102 final.
  • Grejcz, K. (2017). Zasobność gospodarstw domowych w Polsce. NBP, Departament Analiz Ekonomicznych i Departament Stabilności Finansowej. Retrieved from:
  • HFCN (2016). The Household Finance and Consumption Survey: results from the second wave. ECB Statistics Paper Series. DOI: 10.2866/177251.
  • Korzeniowska, A., Węcławski, J. (2016). Sektor bankowy Niemiec. In: J. Cichy, B. Puszer (eds.), Sektory bankowe w Unii Europejskiej (pp. 401-418). Katowice: Wydawnictwo Uniwersytetu Ekonomicznego w Katowicach.
  • Kukk, M. (2014). Distinguishing the Components of Household Financial Wealth: the Impact of Liabilities on Assets in Euro Area Countries Merike Kukk. Eesti Pank. Working Paper Series No. 2).
  • Le Blanc, J., Porpiglia, A., Teppa, F., Zhu, J., Ziegelmeyer, M. (2015). Household saving behaviour and credit constraints in the euro area. Working Paper Series No. 1790.
  • Meriküll, J., Rõõm, T. (2016). The assets, liabilities and wealth of Estonian households: Results of the Household Finance and Consumption Survey. Bank of Estonia Occasional Papers No. 1/2016.
  • Prinsloo, J.W. (2002). Household debt, wealth and saving. Quarterly Bulletin.
  • The Household Finance and Consumption Survey. Wave 2, Statistical Tables (2016). European Central Bank.
  • Xiao, J.J. (2015). Consumer Borrowing. In Consumer Economic Wellbeing. International Series on Consumer Science (pp. 181-198). New York: Springer. DOI: 10.1007/978-1-4939-2821-7_10.
  • Zajączkowski, S., Żochowski, D. (2007, March 1). The Distribution and Dispersion of Debt Burden Ratios Among Households in Poland and its Implications for Financial Stability. Retrieved from:
Typ dokumentu
Identyfikator YADDA

Zgłoszenie zostało wysłane

Zgłoszenie zostało wysłane

Musisz być zalogowany aby pisać komentarze.
JavaScript jest wyłączony w Twojej przeglądarce internetowej. Włącz go, a następnie odśwież stronę, aby móc w pełni z niej korzystać.