- Tytuł:
- Credit Risk of FX Loans in Poland. Debt Service Burden and the Effect of Neutralization of Currency Depreciation by Foreign Interest Rates
- Autorzy:
- Wośko, Zuzanna
- Powiązania:
- https://bibliotekanauki.pl/articles/2076505.pdf
- Data publikacji:
- 2016
- Wydawca:
- Polska Akademia Nauk. Czytelnia Czasopism PAN
- Tematy:
-
credit risk
housing FX loans
FX lending
debt service - Opis:
- This paper describes an analysis of the effects of both foreign exchange (FX) risk and interest rate risk on installments of the housing FX loan using classic comparative statics approach. By focusing on sensitivity of annuity with respect to infinitesimal changes of parameters it presents the impact of the interest rate and FX rate on installments in terms of their shares of the total outstanding in foreign currency, and illustrates using values, in Polish zlotys, for three example loans extended during the period when Poland saw its most intensive FX lending. This analysis represents an attempt to answer a question frequently raised in this country of late: does the issue of debt servicing housing FX loans matter for borrowers and therefore could affect banks’ loan portfolio quality?
- Źródło:
-
Central European Journal of Economic Modelling and Econometrics; 2016, 1; 43-59
2080-0886
2080-119X - Pojawia się w:
- Central European Journal of Economic Modelling and Econometrics
- Dostawca treści:
- Biblioteka Nauki
Artykuł