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Personal Debt in Europe - The EU Financial Market and Consumer Insolvency (Paperback)
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Personal Debt in Europe - The EU Financial Market and Consumer Insolvency (Paperback)
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Personal debt remains an important factor in many economic models
because it encourages people to use debt to finance consumption.
Whether this model is sustainable for individuals or the countries
in which they reside is an ongoing question of great complexity and
many social and economic implications, not only for the burdened
individuals and their countries, but also for the EU as a whole. In
Personal Debt in Europe, Federico Ferretti and Daniela Vandone
examine the 'dark side' of personal debt, or over-indebtedness, in
social and economic terms, and legal terms. They employ
cross-country consumer-level data to present the latest empirical
studies on the problem, analyse these findings to better understand
its nature and causes, and discuss the merits of proposed
insolvency legislation and harmonisation initiatives in the EU.
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