EU NEW MEMBER STATES HOUSEHOLDS’ BANKING
                          INDEBTEDNESS
               AND IT’S IMPLICATIONS: AN OVERVIEW


                         Angela Roman, “A. I. Cuza” University of Iasi
                      Alina Camelia Şargu, “A. I. Cuza” University of Iasi

ABSTRACT: During the period previous to the crisis, most of the EU new member states from
our research (especially Bulgaria, Czech Republic, Estonia, Hungary, Latvia, Lithuania,
Poland and Romania) have registered a fast growth of the households indebtedness, which
has lead to the extension of the vulnerabilities of this sector in front of some macroeconomic
shocks. In this context, our research aim to especially comparatively underline the stylised
facts about the indebtedness degree of the households from the analysed countries and the
main effects generated by the fast growth of the banking debts of this sector. Through the
undertaken analysis in our research we aim at underling the major importance which the
insurance of a sustainable household’s indebtedness level has for the macroeconomic and
financial stability of a country.

Key words: households’ indebtedness, new EU member countries, vulnerabilities, loans to households,
global crisis

JEL Codes: G21, E44, E51, R20