Macroeconomics and Monetary Economics

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Household Indebtedness: How global and Domestic Macro-economic Factors Influence Credit Card Debt Default in Malaysia

May Jin Theong · Ahmad Farid Osman · Su Fei Yap ·Institutions and Economies ·2018 ·JEL: E20; E32; E37; E44; E51; G21

Malaysia has one of the highest household debts relative to gross domestic product in the Asia region. High indebted households have negative net worth and prone to default even during mild shocks. In most economies including Malaysia, hous...

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