for example 4.5% in 1994. The German legislator has reacted to this incessant trend by establishing in 1999 an insolvency … examination focusses on the analysis of the possible effects of an insolvency code on the problem of private overindebtedness in …

This paper looks at arrears among US households between 1995 and 2013. It uses household data from the Survey of … Consumer Finances (SCF) where arrears occur when a household reports it “sometimes got behind or missed a payment”. The key …

The theory of endogenous money is the cornerstone of Post-Keynesian economics, which dates back to the pioneering … Moore have clearly drawn the boundaries of Post-Keynesian theory in accordance with Keynes' intellectual legacy and economic … thought. Post-Keynesian monetary theory was openly critical of classical economics and also proved to be a constructive …