By Daniela Vandone
Consumer credits has develop into a topical factor for researchers, regulators and the banking in Europe because of expanding marketplace integration, regulatory alterations and a turning out to be tendency of families to exploit debt to finance intake. This learn makes use of a cross-country method of examine a large diversity of concerns on the topic of buyer credits in Europe. targeting either the provision and insist aspects, it takes under consideration the constitution and function of monetary intermediaries, the socio-demographic and financial profile of families and their chance of over-indebtedness, in addition to the regulatory framework, comparable to the recent client credits Directive. within the gentle of this research, measures for the prevention and administration of over-indebtedness are awarded. This publication is key for postgraduate scholars and experts in monetary associations, for regulators and policy-makers who're in command of potency and balance of monetary systems.
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Additional resources for Consumer Credit in Europe: Risks and Opportunities of a Dynamic Industry
6%), which has led the country in recent years to join those countries with the highest consumer credit to disposable income and consumer credit to household spending ratios. In Italy and the Netherlands, too, growth rates over the last few years have been 450 400 350 300 250 200 150 100 50 0 LT EE LV HU SK BG EL CZ FI IE IT MT ES NL SE SI LU UK PT FR BE DK AT PL DE Fig. 5 Consumer credit average annual growth rate (%, 2000–2006) Source: Computations on national statistics (National Central Banks and Eurostat) 30 2 Household Consumer Credit Demand 70 60 50 40 30 20 10 0 EL FI IE IT Consumer credit ES NL Gdp SE LU UK Disposable income PT FR BE DK AT DE Consumption expenditure Fig.
1 Specialised financial intermediaries, conversely, focus exclusively on lending to households and, in particular, the offer of consumer credit. Captive companies are financial companies that also limit their activity to consumer credit, but the amounts advanced are destined exclusively to the purchase of the parent company’s product. Captives, in this role, provide dealers not only with a service that can play a crucial role in consumers’ purchasing decisions, but also one that creates and consolidates customer loyalty.
18 The percentage was calculated making reference to each variable chosen. For instance, as regards the age variable, households were classified on the basis of the age group of the head of the household and then, for each sub-group, the percentage of households holding unsecured debt was calculated. 2 shows for each country and for each survey year the percentage of households in debt along with the average amount held by them. The first interesting aspect that emerges from the data above is the difference between countries in the proportion of households holding consumer credit.