The following information was submitted:
Transactions: INTERNATIONAL JOURNAL of MATHEMATICAL MODELS AND METHODS IN APPLIED SCIENCES
Transactions ID Number: 19-878
Full Name: Luboš Smrèka
Position: Senior Lecturer
Age: ON
Sex: Male
Address: University of Economics, Prague, Winston Churchill Sq. 3, 130 67 Prague
Country: CZECH REPUBLIC
Tel: 00420602357890
Tel prefix: 00420
Fax: 00420224934965
E-mail address: smrckal@vse.cz
Other E-mails: smrcka.lubos@quick.cz
Title of the Paper: Government Indebtedness and Family Indebtedness as an Inseparable Twins in the Modern World
Authors as they appear in the Paper: Luboš Smrèka
Email addresses of all the authors: smrckal@vse.cz, smrcka.lubos@quick.cz
Number of paper pages: 10
Abstract: This work seeks to explore the ties between certain aspects of government indebtedness in various countries (and the indebtedness of public budgets at large) and indebtedness of families in modern developed economies. Despite the differences between national economies that modern states shape to their liking and the situation of families in developed countries that are coerced to act within the limits outlined by the legal framework imposed by governments, a number of similar behavioural patterns may be identified between the two groups. A substantial amount of evidence exists that proves the thesis that a change in the behaviour of modern families stems out of not just the increased focus of banks on retail clients but also of the idea of indebtedness as an acceptable and natural model of behaviour, with the modern states leading by their example. The correlation analysis based debt ratios of selected countries and their families were made. A strong dependence was!
found between the evolution of government debt and their families in Hungary and the Czech Republic. No evidence of significant correlation between changes in the debt ratio of families and government debt was found in case of Euro area (16 countries).
Keywords: Correlation analysis, Default, Family indebtedness, Government indebtedness, Public budget deficit
EXTENSION of the file: .doc
Special (Invited) Session: Family Indebtedness and Government Indebtedness as Siamese Twins in the Modern World
Organizer of the Session: 202-139
How Did you learn about congress: Jiøí Strouhal, strouhal@vse.cz, Dimitrios Tsomocos, dimitrios.tsomocos@sbs.ox.ac.uk
IP ADDRESS: 89.176.117.4
