ESCP Europe

Item type

Ebook

Language

English

Publication year

2016

ISBN

978-1-4008-7332-6

Note

• 1 user licence

Subjects

INTERNATIONAL FINANCE - INTERNATIONAL FINANCIAL MANAGEMENT - FINANCIAL RISK - MONETARY POLICY

In this eye-opening book, he sets the record straight about what really caused the crisis. It didn't happen because banks are too big to failour addiction to private debt is to blame.Between Debt and the Devil challenges the belief that we need credit growth to fuel economic growth, and that rising debt is okay as long as inflation remains low. In fact, most credit is not needed for economic growthbut it drives real estate booms and busts and leads to financial crisis and depression.