Combatting the Debt Addiction
Lord Adair Turner, INET, Challenges with high household debt levels – a Swedish perspective, Anders Borg, Finance Minister
International Seminar organized by the Swedish House of Finance and Global Utmaning
The build-up of private debt has continued both in the Western world and in emerging countries after the 2007-08 crisis. Are banks creating money for the wrong purposes? Excessive credit creation risks driving asset inflation and frequent asset bubbles. Have we become addicted to debt? How can we turn recovery into sustained growth? What should be the tasks for the banks and for monetary and fiscal policies? What can a single country do in a global economy with increasingly global financial markets?
We have two key-speakers, Lord Adair Turner, INET, UK and Anders Borg, Swedish Finance Minister.
After that we have a Panel debate: The Risks with an Excessive Money Creation for the Wrong Purposes
In the panel we have Lord Adair Turner, Anders Borg, Prof. Karolina Ekholm from Riksbank, Prof Pehr Wissén, Institute for Financial Research, SIFR and Kristina Persson from Global Utmaning
Our Moderator is: Dr Ulf Dahlsten, London School of Economics & Senior Advisor Global Utmaning