The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and should be cited accordingly. The findings, interpretations, and conclusions expresse...

Using three waves of the China Household Finance Survey (CHFS), we present basic facts about indebtedness and financial fragility households in between 2011 2015. We show how total debt mortgage (LTV) are distributed among different income groups, they change over time. Our stress tests suggest that Chinese higher quintiles, despite huge increase household indebtedness, not vulnerable to declin...

p eople’s business credit program (kur) has been launched to alleviate poverty through provision of micro financing to micro entrepreneurs in indonesia this study aims to estimate the impact of kur program using cross-sectional data and propensity score matching technique (psm). the survey was conducted on 332 household entrepreneurs, consisting of 155 kur receivers and 177 non-kur receivers. r...