The Great Debt Transformation (eBook)

Households, Financialization, and Policy Responses

G. Fuller (Autor)

eBook Download: PDF

2016 | 1st ed. 2016
XVI, 293 Seiten
Palgrave Macmillan US (Verlag)
978-1-137-54873-3 (ISBN)

Infos

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 examines how some countries have restrained the transformation underway. Britain, France, and Germany have taken very different approaches to this transformation and those approaches have resulted in divergent results. This book aims to turn those different results into lessons to help us make sense of the great economic challenges of our time.

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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 "e;Great Debt Transformation"e; 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 - examines how some countries have restrained the transformation underway. Britain, France, and Germany have taken very different approaches to this transformation - and those approaches have resulted in divergent results. This book aims to turn those different results into lessons to help us make sense of the great economic challenges of our time.

Autor

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.

Inhalt

1. The Great Debt Transformation2. Consequences and Choices3. Britain: The Enthusiastic Transformation4. France: The Ambivalent Transformation5. Germany: The Exported Transformation6. Transformation and Policy Responses

Produkt-Details

• Erscheint lt. Verlag: 8.4.2016
• Zusatzinfo: XVI, 293 p.
• Verlagsort: New York
• Sprache: englisch
• Themenwelt: Sozialwissenschaften ► Politik / Verwaltung ► Vergleichende Politikwissenschaften
• Themenwelt: Technik
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
• Schlagworte: Britain • consumer • debt • Europe • European Economics • European politics • eurozone crisis • Financial Crisis • financialization • Financial Liberalization • Financial Reform • France • Germany • growth • Household finance • International Economics • International finance • Neoliberalism • Policy • Transformation
• ISBN-10: 1-137-54873-8 / 1137548738
• ISBN-13: 978-1-137-54873-3 / 9781137548733