Table of Contents

Abstract

Editorial: Debt – Blessing or Curse? | 5 Sovereign Debt Gabriella Chiesa Sovereign Debt, the Blessing Aspects and the Implications for the Euro Area | 9 Thomas Lenk, Christian Bender, and Philipp Glinka The German Debt Brake Approaches for an Improvement of the Technical Design | 31 Private Debt Korkut Alp Ertürk, and Jake Jennings Debt and Financial Sentiment. Early Keynes on Balance Sheet Effects of Asset Price Changes | 45 Giovanni Ferri, and Valerio Pesic The Spillover Effects of Prudential Regulation on Banking Competition | 59 Damon Gibbons Unsustainable Household Debt: Problems of Measurement | 101 Doris Neuberger, and Udo Reifner Systemic Usury and the European Consumer Credit Directive | 115 Authors | 133