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2013
- handle: 10670/1.kv0mjv
- isbn: 978-0-415-83525-1
- halshs: halshs-02343502
info:eu-repo/semantics/OpenAccess
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Jean-Michel Servet et al., « Household over-indebtedness in northern and southern countries: a macro-perspective », HAL-SHS : économie et finance, ID : 10670/1.kv0mjv
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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.