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Hennecke, PNeuberger, DSchäfer, D (2020). Editorial: Debt – Blessing or Curse?. Vierteljahrshefte zur Wirtschaftsforschung, 89(1), 5-8. https://doi.org/10.3790/vjh.89.1.5
Hennecke, Peter Neuberger, Doris Schäfer, DorotheaHennecke, Peter Neuberger, Doris Schäfer, DorotheaHennecke, Peter Neuberger, Doris Schäfer, Dorothea (2020). "Editorial: Debt – Blessing or Curse?" Vierteljahrshefte zur Wirtschaftsforschung, vol. 89no. 1, 2020 pp. 5-8. https://doi.org/10.3790/vjh.89.1.5
Hennecke, PNeuberger, DSchäfer, D (2020). Editorial: Debt – Blessing or Curse?. Vierteljahrshefte zur Wirtschaftsforschung, Vol. 89 (Issue 1), pp 5-8. https://doi.org/10.3790/vjh.89.1.5

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Editorial: Debt – Blessing or Curse?

Hennecke, Peter | Neuberger, Doris | Schäfer, Dorothea

Vierteljahrshefte zur Wirtschaftsforschung, Vol. 89 (2020), Iss. 1 : pp. 5–8

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Peter Hennecke, FOM University of Applied Sciences Hamburg

  • Peter Henneke, is a Professor of Economics at FOM University of Applied Sciences in Hamburg where he teaches economics, finance and quantitative methods. He studied economics at the University of Rostock and the Terry College of Business of the University of Georgia and he received his doctorate from the University of Rostock. He worked as a professional forecaster at Kiel Economics Research & Forecasting and as a doctoral and post-doctoral lecturer and researcher at the University of Rostock. He is a two-time awardee of the best teaching award of the student body of the University of Rostock’s economics and social science department and his dissertation was awarded the Bundesbank’s Regional Research Award in 2017.
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Doris Neuberger, University of Rostock

  • Doris Neuberger, Dr., Professor of Economics – Money and Credit – at the University of Rostock. Research Fellow at the German Institute for Economic Research DIW Berlin, co-director of the Center for Relationship Banking and Economics CERBE Rome, research director at iff Hamburg, founding member of Bürgerbewegung Finanzwende (Finance Watch Germany). Member of: Bündnis gegen den Wucher (Coalition against Usury), Senate Competition Committee of the Leibniz Association, Committee for Industrial Economics at the German Economic Association. Co-editor of Vierteljahrshefte zur Wirtschaftsforschung/Quarterly Journal of Economic Research and Economic Notes. Doctorate and habilitation at the Friedrich-Alexander-University Erlangen-Nuremberg. Main areas of research: household finance and consumer protection, SME finance, Industrial Economics of banking, financial systems, social role of banks.
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Dorothea Schäfer, German Institute for Economic Research DIW Berlin

  • Dorothea Schäfer is Research Director Financial Markets at the German Institute for Economic Research (DIW Berlin) and Adjunct Professor of Jönköping International Business School, Jönköping University; she is Editor-in-Chief of the Eurasian Economic Review (EAER) and the Vierteljahrshefte zur Wirtschaftsforschung (Quarterly Journal of Economic Research); Head of various research projects, inter alia, funded by the German Science Foundation (Deutsche Forschungsgemeinschaft DFG) and the EU Commission. She was Evaluator/reviewer of research programs/proposals for the German Science Foundation, EU Commission, the Federal Ministry of Education and Research (BMBF) and the LOEWE (Initiative for the Development of Scientific and Economic Excellence). She has published in The European Journal of Finance, Finance Research Letters, Small Business Economics, the Journal of Financial Stability, the International Journal of Money and Finance, German Economic Review, Economics of Transition, the Journal of Comparative Economics, the Journal of Institutional and Theoretical Economics and many other journals. She is a co-organizer of the DIW Lectures on Money and Finance. Schäfer gave expert testimonies for the Finance Committee of the Deutsche Bundestag, for the Committee on Social Affairs, Health and Sustainable Development, Parliamentary Assembly, The Council of Europe and for the Commission on the Financing of the Nuclear Phase-out. She was a member of the Fortschrittsforum and an advisor to the Sub-Committee “Policy for a Sustainable Political and Economic Governance” (Nachhaltige Ordnungspolitik) of the Enquete Committee of “Growth – Prosperity – Quality of Life” (Wachstum Wohlstand Lebensqualität).
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Abstract

Since the 1980s, especially in the new millennium, the issue of debt is increasingly the focus of political debates, as an analysis of parliamentary speeches since 1949 shows. 1 More than ten years after the outbreak of the Great Financial Crisis and almost ten years since the beginning of the European sovereign debt crisis, there are not just questions about the opportunities and risks of debt but also ongoing debates about debt brakes.