Debt-overhang and ways out

  • The focus of this paper is legacy debt and ways out of it. It introduces credit, debt and financial stress as a basis for understanding the ongoing financial crisis as well as solutions discussed in politics and media. We clarify why and when debt is too much, and discuss ways of avoiding outright default. The main questions are • What are the basics of debt and related financial problems? • How much debt is too much? • Why and when is default a problem to all of us? • Is there a way outThe focus of this paper is legacy debt and ways out of it. It introduces credit, debt and financial stress as a basis for understanding the ongoing financial crisis as well as solutions discussed in politics and media. We clarify why and when debt is too much, and discuss ways of avoiding outright default. The main questions are • What are the basics of debt and related financial problems? • How much debt is too much? • Why and when is default a problem to all of us? • Is there a way out of the current debt crisis? While debt and looming bankruptcy of governments is the focus of media attention, we will not neglect the fact, that households, banks and companies in many countries acquired too much debt as well and are therefore a source of problems of their own right.show moreshow less

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Author:Ulrich Brasche
URN:urn:nbn:de:kobv:522-opus4-9204
Document Type:Other
Language:English
Year of Publishing:2014
Date of Publication (online):2014/11/06
Date of first Publication:2014/11/06
Publishing Institution:Technische Hochschule Brandenburg
Release Date:2014/11/06
Tag:bankruptcy; euro crisis; financial crisis; haircut; legacy debt
First Page:1
Last Page:65
Dewey Decimal Classification:Sozialwissenschaften / Politikwissenschaft / Politikwissenschaft
Sozialwissenschaften / Wirtschaft / Wirtschaft
open_access (DINI-Set):open_access
University Bibliography:Hochschulbibliographie
Licence (German):Creative Commons - Namensnennung-Nicht kommerziell-Keine Bearbeitung