EconPapers    
Economics at your fingertips  
 

Policy Should Focus on the Need to Overcome Private Indebtedness

Savvakis Savvides

MPRA Paper from University Library of Munich, Germany

Abstract: The author emphasizes the need to address private indebtedness as the main cause of the problem which manifests itself in a huge amount of non-performing loans following the bail-in of deposits of 2013. The focus should not be on how to compensate depositors or bond holders or even shareholders of the affected banks. It should be on how the over-indebted businesses and households can lighten their debt burden and be in a position to engage in normal economic activity in a stable and sustainable manner.

Keywords: Balance Sheet Recession; Debt Deflation Spiral; Sustainable Growth; Debt Minimization (search for similar items in EconPapers)
JEL-codes: D61 (search for similar items in EconPapers)
Date: 2017-11-01
New Economics Papers: this item is included in nep-acc
References: Add references at CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/82467/1/MPRA_paper_82467.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:82467

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().

 
Page updated 2024-03-31
Handle: RePEc:pra:mprapa:82467