How Micro Data Improve the Estimation of Household Credit Risk Within the Macro Stress Testing Framework

J Klacso - Computational Economics, 2024 - Springer
Macro stress testing has become an increasingly important part of central banks' and
macroprudential authorities' toolkits in the wake of the Global Financial Crisis. One of the …

The Impact of Loan Payment Deferral on Indebted Households and Financial Stability during the Covid-19 Pandemic: Survey Results from Slovakia.

M Cesnak, A Cupak, J Klacso… - Finance a Uver: Czech …, 2023 - search.ebscohost.com
The Covid-19 pandemic led to a large set of actions taken by the governments in 2020. In
this paper, we focus on the loan payment deferral in Slovakia, which allowed households to …

[PDF][PDF] NBS Occasional paper 3/2021

M Cesnak, J Klacso, R Vasiľ - 2021 - muzeumkremnica.sk
Abstract The National Bank of Slovakia has been actively implementing borrowerbased
measures since 2014. In this paper we provide a cost-benefit analysis of these measures …

[PDF][PDF] NBS Occasional paper 2/2021

M Cesnak, A Cupák, J Klacso, M Šuster - 2021 - nbs.sk
A satisfactorily small share of households expects serious difficulties in resuming their debt
instalments after a payment moratorium is lifted. As documented across six waves of a …

[PDF][PDF] NBS Working paper 3/2021

M Cesnak, J Klacso - 2021 - nbs.sk
In this paper, we apply the borrowing capacity approach and the intrinsic value approach to
assess property prices in Slovakia. We estimate the maximum attainable house price for a …