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2016 | LXV (65) | 3 | 81-110

Article title

Credit as a source of debts and wealth

Content

Title variants

PL
Kredyt jako źródło długów i dobrobytu

Languages of publication

DE

Abstracts

EN
This article analyses how easily accessible financialised consumer credit changes the social character of money as such. It is clear that contemporary consumer credit markets entail dangers of increasing levels of over-indebtedness, as well as opportunities for the growing economic independence of citizens. Financialised consumer credit is characterised by three factors: complex regulation, the option of resale of debts, and high costs for the customer. My main argument is that the consequences of financialised consumer credit markets can be governed by arranging institutions properly. In other words, it is argued that financialised consumer credit is neither good nor bad in general, but that its social acceptability will be the outcome of a complex regulatory arrangement. To demonstrate the options of such an arrangement, this article investigates the market conditions in Germany and compares them to some features of Poland.
PL
Przedmiotem analizy jest sposób, w jaki łatwo dostępny, sfinansjalizowany kredyt konsumencki zmienia społeczny charakter pieniądza jako takiego. Najwyraźniej współczesne rynki kredytów konsumenckich pociągają za sobą większe niebezpieczeństwo nadmiernego zadłużenia, ale także możliwości zwiększania się niezależności ekonomicznej obywateli. Sfinansjalizowany kredyt konsumencki charakteryzuje się trzema cechami: złożoną regulacją, możliwością odsprzedaży długów oraz wysokimi kosztami klienta. Moją główną tezą jest, że konsekwencje działania rynków sfinansjalizowanych kredytów konsumenckich mogą być regulowane przez prawidłowo zorganizowany układ instytucjonalny. Innymi słowy uważam, że sfinansjalizowany kredyt konsumencki generalnie nie jest ani dobry, ani zły, a jego akceptacja społeczna będzie wynikiem złożonego układu regulacyjnego. Aby zademonstrować możliwości takiego układu, w artykule badane są warunki rynku w N iemczech i porównywane do pewnych cech rynku w Polsce.

Year

Volume

Issue

3

Pages

81-110

Physical description

Dates

published
2016

Contributors

  • University of Giessen; Germany Department of Sociology, University of Gießen and Human Economy Programme

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Document Type

Publication order reference

Identifiers

ISSN
0033-2356

YADDA identifier

bwmeta1.element.desklight-19ec10bb-a949-449e-bd20-b10bafcfdc1b
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