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The Great Debt Transformation

Households, Financialization, and Policy Responses

Authors: Fuller, G.

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eBook £71.50
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  • ISBN 978-1-137-54873-3
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Hardcover £89.99
price for United Kingdom (gross)
  • ISBN 978-1-137-54872-6
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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 authors

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.

Table of contents (6 chapters)

  • Introduction

    Fuller, Gregory W.

    Pages 1-24

  • Consequences and Choices

    Fuller, Gregory W.

    Pages 25-52

  • Britain: The Enthusiastic Transformation

    Fuller, Gregory W.

    Pages 53-105

  • France: The Ambivalent Transformation

    Fuller, Gregory W.

    Pages 107-162

  • Germany: The Exported Transformation

    Fuller, Gregory W.

    Pages 163-209

Buy this book

eBook £71.50
price for United Kingdom (gross)
  • ISBN 978-1-137-54873-3
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover £89.99
price for United Kingdom (gross)
  • ISBN 978-1-137-54872-6
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
The Great Debt Transformation
Book Subtitle
Households, Financialization, and Policy Responses
Authors
Copyright
2016
Publisher
Palgrave Macmillan US
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-1-137-54873-3
DOI
10.1057/9781137548733
Hardcover ISBN
978-1-137-54872-6
Edition Number
1
Number of Pages
XVI, 293
Topics