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

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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)

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.

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  • Jean-Michel Servet & Hadrien Saiag, 2013. "Household over-indebtedness in northern and southern countries: a macro-perspective," Post-Print halshs-02343502, HAL.
    • Handle: RePEc:hal:journl:halshs-02343502
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-02343502
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    References listed on IDEAS

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    1. René Hallu & Anita Bensaïd & René Bascou-Brescane & Pierre Verneuil, 1970. "Réalités africaines et enquêtes budget-consommation," Économie et Statistique, Programme National Persée, vol. 11(1), pages 21-32.
    2. Hadrien Saiag, 2011. "Les pratiques financières des milieux populaires de Rosario (Argentine) à l'aune du démantèlement du rapport salarial fordiste," Revue française de socio-Economie, La découverte, vol. 0(2), pages 9-30.
    3. Handa, Sudhanshu & Davis, Benjamin, 2006. "The experience of conditional cash transfers in Latin America and the Caribbean," ESA Working Papers 289060, Food and Agriculture Organization of the United Nations, Agricultural Development Economics Division (ESA).
    4. Easterly, William, 2001. "The Middle Class Consensus and Economic Development," Journal of Economic Growth, Springer, vol. 6(4), pages 317-335, December.
    5. Aldo Barba & Massimo Pivetti, 2009. "Rising household debt: Its causes and macroeconomic implications--a long-period analysis," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 33(1), pages 113-137, January.
    6. Thomas Piketty & Emmanuel Saez, 2003. "Income Inequality in the United States, 1913–1998," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 118(1), pages 1-41.
    7. Sudhanshu Handa & Benjamin Davis, 2006. "The Experience of Conditional Cash Transfers in Latin America and the Caribbean," Development Policy Review, Overseas Development Institute, vol. 24(5), pages 513-536, September.
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    Cited by:

    1. Morvant-Roux, Solène & Guérin, Isabelle & Roesch, Marc & Moisseron, Jean-Yves, 2014. "Adding Value to Randomization with Qualitative Analysis: The Case of Microcredit in Rural Morocco," World Development, Elsevier, vol. 56(C), pages 302-312.
    2. Isabelle Guérin, 2018. "Pour une socioéconomie de la dette," Post-Print ird-02196925, HAL.

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