A snapshot of progress in macro-prudential research  The rudimentary state of the scientific foundations in the macro-prudential field led the 27 EU national central banks and the ECB, which constitute the majority of the member institutions of the European Systemic Risk Board (ESRB), to establish a network of researchers working on macroprudential issues called MaRs – standing for Macro-prudential Research, but in a way also referring to a journey into unknown territory.
Despite their high gross debt, Danish households have weathered the financial crisis. Losses in the banking sector have been limited seen in relation to the crisis in the early 1990s, and have only to a small extent been attributable to the household sector. Mortgage arrears ratios are also low and declining.