[PDF.61jt] The Great Debt Transformation: Households, Financialization, and Policy Responses

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

[PDF.gl52] The Great Debt Transformation: Households, Financialization, and Policy Responses

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 |  2016-04-08 |  2016-04-08 | File type: PDF

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||From the Back Cover||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

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 ...

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