Author Archives: Andrea Camilli

Public Debt and Household Lending

By | November 6, 2020

For a large number of European economies, real estate accounts for more than 70% of wealth, whereas financial assets usually account for below 20%.  From a macroeconomic perspective, the large exposure to the real estate market represents both a vulnerability and a source of resilience: on the one hand, it exposes a large share of… Read More »