Credit and debit after the economic crisis: Policies for families and micro-businesses

Simonetta Cotterli

Banca Impresa Società, 2016, issue 3, 469-500

Abstract: This study aims to review and evaluate several policies enacted in the financial field to alleviate the negative consequences of the economic crisis on families and micro-businesses. Two different, yet complementary aspects of the effects of the crisis have been examined: the increased difficulty in gaining access to credit and the increased problems in meeting debt repayment obligations. Firstly the recent regulations governing micro-credit - enacted to facilitate access to credit for families and micro-businesses (the latter in light of the increasing need for self-sufficient entrepreneurial projects, as a response to increased unemployment in the job market) - are evaluated. This is followed by an examination of the efficacy of the law relating to over-indebtedness of families and micro-businesses, with particular focus on the concept of creditor-blame. This study ends with a question - Could an interpretation of the new rules governing responsible credit to consumers constitute a legal right to such credit?

Keywords: Regulation; Micro-Credit; Over-Indebtedness. (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:mul:jqmthn:doi:10.1435/85969:y:2016:i:3:p:469-500

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