IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/82467.html
   My bibliography  Save this paper

Policy Should Focus on the Need to Overcome Private Indebtedness

Author

Listed:
  • Savvides, Savvakis C.

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.

Suggested Citation

  • Savvides, Savvakis C., 2017. "Policy Should Focus on the Need to Overcome Private Indebtedness," MPRA Paper 82467, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:82467
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/82467/1/MPRA_paper_82467.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Balance Sheet Recession; Debt Deflation Spiral; Sustainable Growth; Debt Minimization;
    All these keywords.

    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:82467. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.