GOOD DEBTS, BAD DEBTS - HOW MANY DEBTS CAN THE WORLD TAKE?

26 February 2020
B. Fischer

The global debt level is growing every year. Government and corporate debts, as well as the debts of private households, are higher than before the outbreak of the financial crisis in 2007. Debts are not fundamentally bad. Business investments, government stimulus programs and real estate usually require external financing and generate growth and asset accumulation.

How much and which debts are good and when do they lead to economic disruptions? That is our economic topic...

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Literature on the subject of good debts and bad debts