In housing crises, high mortgage debt can feed a vicious circle of falling housing prices and declining consumption and incomes, leading to higher mortgage defa

This Selected Issues paper examines the household debt situation in Denmark and factors that have contributed to the high level of household debt in the country

This report examines the experiences of four European countries that have had large house-price declines in recent years. In particular, it examines the experie

Since 1979 the world has witnessed a remarkable cycle of personal insolvency law reform. Changes in capitalist economies, financial crises and political interes

This paper analyzes the economic effects of weak claims enforcement for Cyprus. Claims enforcement in Cyprus is considerably less efficient than in most Europea