Description
Consumer Credit in Europe, 1st ed. 2021
Macro- and Microeconomic Perspectives
Author: Lissowska Maria
Language: EnglishSubjects for Consumer Credit in Europe:
Approximative price 58.01 €
In Print (Delivery period: 15 days).
Add to cart the book of Lissowska Maria129 p. · 14.8x21 cm · Hardback
Description
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This book provides a comprehensive outlook on the state and role of consumer credits in European households and economy. It underlines the role of consumerism and digitalisation in the framework of legislation. It covers two major turns in consumer credit evolution: the 2008 crisis and COVID-19 pandemic. The first had socio-economic sources, and the second one was an external event, but provoked important changes in consumer behaviour. Lock-downs deepened the preference for digital financial products. FinTechs and BigData operators acquired broader opportunities with the development of distance services.
These new financial services need adapted legislation. The recently published project of Consumer Credits Directive covers new means of communication, such as smartphones, and extends rules to new ways of crediting, like crowdfunding. Consumer credit availability changed the behaviour of households. The propensity of poorer households to save faded due to the ease of getting credit. However, financial insecurity during the COVID-19 pandemic made households limit credits and build precautionary savings.Maria Lissowska is a professor of economics at the Warsaw School of Economics. Her research focuses on institutional and financial economics. In 2007 – 2018 she was an official of the European Commission, specifically responsible for analysis and legislation of consumer credits. She then returned to research and now publishes on financial issues including consumer credits and crowdfunding.
Provides a comprehensive outlook on the state and role of consumer credits
Covers two major turns in consumer credit evolution
Extends rules to new ways of crediting, like crowdfunding