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Indebted Societies

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Debt has become a common aspect of modern life, as individuals borrow for various needs like education, childcare, and homeownership, which is often seen as essential for building wealth. Financial markets now play a crucial role in shaping socioeconomic outcomes, providing opportunities while also exposing individuals to risks. The unexpected 2015 decision by the Swiss central bank to unpeg the Swiss Franc from the Euro exemplifies these risks, significantly impacting homeowners in Eastern Europe with Swiss Franc-denominated mortgages, leading to steep increases in their repayment amounts.

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Indebted Societies, Hans-Georg Wiedemann

Jazyk
Rok vydania
2021
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4,5
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Titul
Indebted Societies
Jazyk
anglicky
Rok vydania
2021
Väzba
pevná
Počet strán
346
ISBN13
9781108838542
Série
Hodnotenie
4,5 z 5
Anotácia
Debt has become a common aspect of modern life, as individuals borrow for various needs like education, childcare, and homeownership, which is often seen as essential for building wealth. Financial markets now play a crucial role in shaping socioeconomic outcomes, providing opportunities while also exposing individuals to risks. The unexpected 2015 decision by the Swiss central bank to unpeg the Swiss Franc from the Euro exemplifies these risks, significantly impacting homeowners in Eastern Europe with Swiss Franc-denominated mortgages, leading to steep increases in their repayment amounts.