From Financial Exclusion to Overindebtedness: the Paradox of Difficulties for People on Low Incomes?

Gloukoviezoff, Georges

doi:10.1007/978-3-540-46498-3_6

Cited by 45 publications

(52 citation statements)

References 8 publications

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“…Four respondents cited family sources as their only source of borrowing. Access to future credit is an important issue in the context of the role of debt advice in combating financial exclusion (Gloukoviezoff, 2006). The majority of respondents, however, appeared to lack both sources, and perhaps more importantly resources, to access and use affordable credit.…”

Section: Financial Securitymentioning

confidence: 93%

“…Two-thirds of respondents (24 out of 36) were finding at least some degree of difficulty in making ends meet, compared with a figure of 44 per cent for the population as a whole in 2001 (Whelan et al, 2003) and 56 per cent for the population as a whole in 2006(Central Statistics Office, 2007. Nearly a third of respondents were 'in difficulty' or 'in great difficulty' as compared with 10 per cent of the population as a whole in 2001 and 24 per cent in 2006.…”

Section: Managing Moneymentioning

confidence: 95%

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The Impact of Debt Advice as a Response to Financial Difficulties in Ireland

Stamp¹

2011

Social Policy & Society

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Irish social policy has, since the early 1990s, prioritised debt advice as the primary policy tool for addressing over-indebtedness, targeting low-income households in particular. This article, which draws on secondary analysis of datasets and qualitative interviews, suggests that 'person-centred' debt advice plays a major role in alleviating personal overindebtedness and its effects among this group. However, the government's objective that it should facilitate financial independence is unrealistic. For such debt advice to be effective, complimentary legal and institutional solutions to debt problems are required in Ireland. The dearth of financial options and resources available also needs to be addressed.

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Section: Financial Securitymentioning

confidence: 93%

Section: Managing Moneymentioning

confidence: 95%

The Impact of Debt Advice as a Response to Financial Difficulties in Ireland

Stamp¹

2011

Social Policy & Society

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“…In liberal market economies, we find an extensive private overindebtedness industry, including fee-charging debt management companies listed on the stock exchange, whereas in some other countries, like France, management of overindebtedness is accomplished through public commissions (Ramsay, 2012). Cultural and regulatory understandings of debt as a private versus public matter underlie such different policies (Gloukoviezoff, 2006;Ramsay, 2012).…”

Section: In This Issue)mentioning

confidence: 97%

Credit, consumption, and debt: Comparative perspectives

Kus

2013

International Journal of Comparative Sociology

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In the context of the recent economic crisis, it became clear that social scientists did not pay sufficient attention to several very critical questions concerning modern market economies. These questions include the following: How do nations regulate their credit markets? Why did household indebtedness increase substantially, and why did it grow more in some nations than others? What are the implications of access to credit for lower-and middle-income households' lifestyles? How do different nations handle overindebtedness? And finally, how exactly are the macro-level processes that underlie global debt economies linked to the experiences of actual individuals?Recently, a vibrant field of research has begun to emerge around these questions. The findings are transforming our established understandings of the political economy of advanced societies and opening new outlets for comparative research. Some key questions and issues, briefly outlined below, were discussed extensively over 2 days at the Dublin Workshops 1 on Financialization, Consumption and Social Welfare Politics in the May of 2012. Subsequent to that conference, we attempted to develop a special issue of International Journal of Comparative Sociology (IJCS) from the articles presented there, with the participants invited to submit their articles for review to the journal. Two articles from this conference are included in the current issue of the IJCS as a special section (immediately following this introductory essay).This new field of scholarship on comparative credit, consumption, and debt is a variegated one, woven together by some common themes and animated by the big questions noted above. Several lines of inquiry need to be mentioned in this regard.First, there is the question of how credit markets operate. Nations maintain distinct approaches to regulating their credit markets. While some attempt to limit access to credit, others facilitate credit use. While some nations emphasize 'consumer choice' in credit market transactions, others emphasize 'consumer protection.' Some nations heavily rely on disclosure regulations, assuming that market actors will act rationally on the basis of the information they have. Other nations put restraints on the actual credit products that can be bought and sold on the market, not leaving it to market actors to determine the level of risk that can be assumed. Comparing the United Kingdom and France, Ramsay (2012) shows, for instance, that in the United Kingdom, maximizing access to 504280C OS54310.

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“…Note-se que, no sentido aqui empregado, existe uma grande diferença entre o sobre-endividamento ativo, caracterizado pelo endividamento intencional de um indivíduo acima de sua capacidade de pagamento, no momento da aquisição da dívida, e o sobre-endividamento passivo, caracterizado pela incapacidade de um indivíduo em arcar com pagamento de dívidas, devido a circunstâncias não existentes no presente, como, por exemplo, a ocorrência de desemprego. Esta última situação também é aceita por parte da literatura como uma forma de exclusão financeira, pois está associada à incapacidade dos bancos em lidar com esta nova necessidade Gloukoviezoff, 2006;Leyshon e Thrift, 1996e 1997 2 . Toda esta discussão sobre tipos de exclusão financeira pode ser sintetizada na Tabela 1.…”

Section: Autoexclusãounclassified

Exclusão financeira no Brasil: uma análise regional exploratória

Crocco¹,

Santos

Figueiredo

2013

Rev. Econ. Polit.

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Financial exclusion in Brazil: a regional investigation. Despite the fact that after the second half of the nineties the studies of financial exclusion have gained strength among the studies about poverty and regional and social inequalities, a few studies about this problem had appear in the Brazilian economic literature. The present work aims to contribute to this discussion by doing a regional investigation about the phenomenon of financial exclusion inside Brazil. The main hypothesis of the study is that this phenomenon is not disassociated of the space in which it happens. Thought of the use of proxies two dimensions of financial exclusion had been studied: the access to financial services and the suitability of it.Keywords: Financial exclusion; liquidity preference; banks; regional economics. JEL Classification: G2; R1; E44. INTRoDUÇÃoA partir da segunda metade dos anos 1990, a discussão acerca do tema exclusão financeira ganhou força nos estudos e pesquisas sobre pobreza e desigualdade social e regional. Acadêmicos, organizações Não Governamentais, organismos Multilaterais e Órgãos Governamentais passaram a analisar e desenvolver políticas destinadas a garantir o acesso da população de baixa renda ao sistema financeiro e aos serviços bancários, neste caso em condições compatíveis com suas respectivas * Respectivamente, Professor Titular do Centro de Desenvolvimento e Planejamento Regional, Cedeplar--FACE-UFMG. E-mail: crocco@cedeplar.ufmg.br; Centro de Desenvolvimento e Planejamento Regional--CEDEPLAR. E-mail fabiana@cedeplar.ufmg.br; Pontificia Universidade Católica de Minas Gerais. E-mail lanna@puc.minas.br. Este artigo foi desenvolvido com o apoio financeiro do BNDES através do seu programa PDE/ANPEC/BNDES. Cabe ressaltar que o conteúdo do estudo e pesquisa é de exclusiva responsabilidade dos autores, não refletindo, necessariamente, a opinião do BNDES . Submetido: 12/agosto/2011: Aprovado: 17/outubro/2012.

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From Financial Exclusion to Overindebtedness: the Paradox of Difficulties for People on Low Incomes?

Cited by 45 publications

References 8 publications

The Impact of Debt Advice as a Response to Financial Difficulties in Ireland

The Impact of Debt Advice as a Response to Financial Difficulties in Ireland

Credit, consumption, and debt: Comparative perspectives

Exclusão financeira no Brasil: uma análise regional exploratória

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