Between Debt and the Devil: Money, Credit, and Fixing Global Finance

By:

TURNER,Adair [Author:]

Material type: Text

TextPublication details: New Jersey, USA,: Princeton University Press — United States (New Jersey); 2017.Description: vix,314p,: graph; 20cmISBN:

9780691175980

Subject(s):

DDC classification:

332.042

Summary: In Between Debt and the Devil, Adair Turner argues that the global financial crisis and continuing economic instability stem less from the size of banks than from an over-reliance on private debt and credit growth. e challenges conventional economic wisdom which assumes credit growth is inherently good and that inflation is the only real danger from money creation. Turner suggests that when credit expands far beyond what the real economy needs, it leads to asset-bubbles (especially in real estate), systemic risk and eventual crisis.

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Holdings
Item type	Current library	Collection	Call number	Status	Date due	Barcode
Book	Mwalimu Julius Nyerere leadership School Library 000-621	Normal Collection	332.042 TUR (Browse shelf(Opens below))	Available		001061
Book	Mwalimu Julius Nyerere leadership School Library 000-621	Normal Collection	332.042 TUR (Browse shelf(Opens below))	Available		001062

In Between Debt and the Devil, Adair Turner argues that the global financial crisis and continuing economic instability stem less from the size of banks than from an over-reliance on private debt and credit growth.
e challenges conventional economic wisdom which assumes credit growth is inherently good and that inflation is the only real danger from money creation.
Turner suggests that when credit expands far beyond what the real economy needs, it leads to asset-bubbles (especially in real estate), systemic risk and eventual crisis.

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