How to use survey data for analyzing financial stability in CESEE countries

Analyzing risks arising from financial instabilities is essential for central banks but is complicated by the limited suitability of aggregated data. The microdata underlying aggregates often lack sufficient quality, which may be attributable to various reasons: the data are gathered for purposes other than microanalyses; they are derived from a large number of sources and based on a wide range of data-gathering techniques and formats; or they simply fail to provide the right information.

During this workshop, we will examine the possibilities of using Household Finance and Consumption Survey (HFCS) and similar survey data to analyze financial stability in Central, Eastern and Southeastern European (CESEE) countries, which are a research focus of the Oesterreichische Nationalbank (OeNB). We will discuss the relevant data, methods and applications used. Furthermore, we will try to gather and discuss information on the current state of and potential threats to financial stability across CESEE countries.