Overview
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Table of contents (6 chapters)
Keywords
- International Economics
- Financial Liberalization
- Financial Reform
- Financialization
- Neoliberalism
- Financial Crisis
- Eurozone Crisis
- European Politics
- European Economics
- International Finance
- Household Finance
- Debt
- France
- Germany
- Britain
- consumer
- Europe
- growth
- international economics
- international finance
About this book
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.
About the author
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.
Bibliographic Information
Book Title: The Great Debt Transformation
Book Subtitle: Households, Financialization, and Policy Responses
Authors: Gregory W. Fuller
DOI: https://doi.org/10.1057/9781137548733
Publisher: Palgrave Macmillan New York
eBook Packages: Political Science and International Studies, Political Science and International Studies (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s) 2016
Hardcover ISBN: 978-1-137-54872-6Published: 08 February 2016
eBook ISBN: 978-1-137-54873-3Published: 08 April 2016
Edition Number: 1
Number of Pages: XVI, 293
Topics: Comparative Politics, International Economics, Macroeconomics/Monetary Economics//Financial Economics, International Political Economy, International Relations, Investments and Securities