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The Great Debt Transformation: Households, Financialization, and Policy Responses
G. Fuller
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Description for The Great Debt Transformation: Households, Financialization, and Policy Responses
Hardback. The identity of society's borrowers has changed: households and banks are borrowing more, businesses are borrowing less. As we shift toward consumer- and finance-driven growth, instability, indebtedness, and inequality have risen. This book explains this transformation and examines how some countries have approached it. Num Pages: 293 pages, biography. BIC Classification: KCX. Category: (P) Professional & Vocational. Dimension: 226 x 146 x 24. Weight in Grams: 498.
Global financial markets have transformed over the past three decades - with potentially dangerous results. Growing competitiveness in financial markets has forced banks to adapt - by merging, growing, and innovating. The result has been an unprecedented transformation in the identity of society's borrowers: households and banks are borrowing more, businesses are borrowing relatively less. This Great Debt Transformation has profound consequences: as we shift toward economic growth fueled by consumption and financial investment, instability, indebtedness, and inequality have all risen. This book explains this transformation, why it matters, what caused it, and - most importantly ... Read more
Global financial markets have transformed over the past three decades - with potentially dangerous results. Growing competitiveness in financial markets has forced banks to adapt - by merging, growing, and innovating. The result has been an unprecedented transformation in the identity of society's borrowers: households and banks are borrowing more, businesses are borrowing relatively less. This Great Debt Transformation has profound consequences: as we shift toward economic growth fueled by consumption and financial investment, instability, indebtedness, and inequality have all risen. This book explains this transformation, why it matters, what caused it, and - most importantly ... Read more
Product Details
Publisher
Palgrave Macmillan
Format
Hardback
Publication date
2016
Condition
New
Weight
498g
Number of Pages
293
Place of Publication
Basingstoke, United Kingdom
ISBN
9781137548726
SKU
V9781137548726
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About G. Fuller
Gregory Fuller is an Assistant Professor of International Political Economy at the University of Groningen, the Netherlands. Previously, he held appointments at Johns Hopkins University, USA, and American University, USA. His background spans Economics, International Finance, and Comparative Politics, and has informed his interdisciplinary analysis of contemporary economic challenges.
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