The financial fragility of European households in the time of COVID-19

Maria Demertzis, Marta Domínguez-Jiménez, Annamaria Lusardi

The concept of household financial fragility emerged in the United States after the 2007-2008 financial crisis. It grew out of the need to understand whether households’ lack of capacity to face shocks could itself become a source of financial instability.

Πηγή: Bruegel

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