Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The Great Debt Transformation: Households, Financialization, and Policy Responses

The Great Debt Transformation: Households, Financialization, and Policy Responses

Fuller, G.

Hardcover

EconomicsInvesting & FinanceGeneral Psychology

ISBN10: 113754872X
ISBN13: 9781137548726
Publisher: Springer Nature
Published: Feb 8 2016
Pages: 293
Weight: 1.12
Height: 0.75 Width: 5.50 Depth: 8.50
Language: English
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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