Household over-indebtedness in northern and southern countries: a macro-perspective

Jean-Michel Servet and Hadrien Saiag ()
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Jean-Michel Servet: IHEID - Institut de hautes études internationales et du développement - UNIGE - Université de Genève = University of Geneva
Hadrien Saiag: IIAC - Institut interdisciplinaire d'anthropologie du contemporain - EHESS - École des hautes études en sciences sociales - CNRS - Centre National de la Recherche Scientifique

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Abstract: In the North, indebtedness is a well-documented fact. Little data is available from the South. But there is a growing mismatch between monetary income and cash needs, the source of debt. To grasp its magnitude, the process of financialization is revisited. It is based on a growing monetization of social relationships. The third part discusses a key element of over-indebtedness: inflation. If social relations would allow it, modest inflation would be a relatively peaceful way to solve the problem of growing private and public debt in a way that favours lenders.

Date: 2013
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-02343502v1
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Published in Isabelle Guérin; Solène Morvant-Roux; Magdalena Villarreal. Microfinance, debt and over-indebtedness : Juggling with money, Routledge, pp.45-66, 2013, 978-0-415-83525-1

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