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

Author

Listed:
  • 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.

Suggested Citation

  • 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-02343502v1
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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. Sudhanshu Handa & Benjamin Davis, 2006. "The Experience of Conditional Cash Transfers in Latin America and the Caribbean," Working Papers 06-07, Agricultural and Development Economics Division of the Food and Agriculture Organization of the United Nations (FAO - ESA).
    4. 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.
    5. repec:bla:devpol:v:24:y:2006:i:5:p:513-536 is not listed on IDEAS
    6. Easterly, William, 2001. "The Middle Class Consensus and Economic Development," Journal of Economic Growth, Springer, vol. 6(4), pages 317-335, December.
    7. 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.
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    Cited by:

    1. Isabelle Guérin, 2018. "Pour une socioéconomie de la dette," Post-Print ird-02196925, HAL.
    2. 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.

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