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Personal Debt in Europe
The EU Financial Market and Consumer Insolvency


  • Date Published: April 2019
  • availability: In stock
  • format: Hardback
  • isbn: 9781108426732

£ 85.00

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About the Authors
  • Personal debt remains an important factor in many economic models because it encourages people to use debt to finance consumption. Whether this model is sustainable for individuals or the countries in which they reside is an ongoing question of great complexity and many social and economic implications, not only for the burdened individuals and their countries, but also for the EU as a whole. In Personal Debt in Europe, Federico Ferretti and Daniela Vandone examine the 'dark side' of personal debt, or over-indebtedness, in social and economic terms, and legal terms. They employ cross-country consumer-level data to present the latest empirical studies on the problem, analyse these findings to better understand its nature and causes, and discuss the merits of proposed insolvency legislation and harmonisation initiatives in the EU.

    • Analyses personal debt and the over-indebtedness of consumers in the European Union from the multi-disciplinary perspectives of economics, policy, and law
    • Examines the state and adequacy of EU policies and law in dealing with the large scale of over-indebted consumers and their insolvency
    • Provides a cross-country and time-series analysis of the personal debt market, the personal debt industry, and the characteristics of over-indebted consumers
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    Product details

    • Date Published: April 2019
    • format: Hardback
    • isbn: 9781108426732
    • length: 256 pages
    • dimensions: 235 x 158 x 18 mm
    • weight: 0.48kg
    • contains: 24 b/w illus. 6 tables
    • availability: In stock
  • Table of Contents

    1. Introduction
    2. Personal debt in the economy
    3. The industry of personal debt
    4. From indebtedness to over-indebtedness: multidimensional causes and consequences
    5. EU policy and law for the prevention and management of over-indebtedness
    6. The role and function of solvency data and financial technologies
    7. Credit risk analysis and creditworthiness in relation to EU data protection legislation
    8. The treatment of over-indebtedness: towards a harmonisation of personal insolvency law in a fragmented EU?
    9. Conclusions and scope for further research.

  • Authors

    Federico Ferretti, Università di Bologna
    Federico Ferretti is Associate Professor in Economic Law and Financial Markets, Department of Sociology and Economic Law, University of Bologna (Italy) and a member of the Financial Services User Group of the European Commission. He is a qualified lawyer of the High Courts of Italy.

    Daniela Vandone, University of Milan
    Daniela Vandone is Full Professor of Banking and Finance, Department of Economics, Management, and Quantitative Methods, University of Milan. Her research interests are in financial markets and institutions, with a focus in the microeconomics of banking, financial regulation, financial decision-making, household finance, personal debt, and over-indebtedness.

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