Private over-indebtedness, a concept that has become too common?
Private over-indebtedness, a concept that has become too common?
Author(s): Gabriela Bodea, Liviu DeceanuSubject(s): Business Economy / Management, Micro-Economics, Socio-Economic Research
Published by: Alma Mater & Universitatea »Babes Bolyai« Cluj - Facultatea de St. Economice si Gestiunea Afacerilor
Keywords: credit; over-indebtedness; private over-indebtedness (of households); risk; social exclusion;
Summary/Abstract: Being indebted is a normal state. The difficulty arises, however, when the concept of indebtedness exceeds the chances and / or limits of the possibility of repayment. Over-indebtedness is identified when household incomes become insufficient to meet long-term commitments and payment obligations. Of course, the debtor becomes insolvent, despite the decline in living standards. The increased vulnerability to risk factors of monetary-financial shocks is associated with over-indebtedness and is the basis of the ideas used in our historical-economic research.
Journal: Review of Economic Studies and Research Virgil Madgearu
- Issue Year: XV/2022
- Issue No: 1
- Page Range: 5-33
- Page Count: 29
- Language: English
- Content File-PDF