Different debtors, different struggles: foreign-currency housing loans and class tensions in Romania

Title:

Different debtors, different struggles: foreign-currency housing loans and class tensions in Romania

Creator:

Florea, Ioana and Sandu-Dumitriu, Mihail

Identifier:

https://cdk.lib.cas.cz/client/handle/uuid:f5cf7b2a-9a0d-4b8d-94fd-3697f360ae7a
uuid:f5cf7b2a-9a0d-4b8d-94fd-3697f360ae7a
doi:10.13060/23362839.2022.9.1.542

Subject:

class, FX debt, household debt, politics, and Romania

Type:

model:article and TEXT

Format:

počítač and online zdroj

Description:

Management of foreign-currency household debt in Romania in the aftermath of the Global Financial Crisis in 2008 had the effect of deepening pre-2008 class disparities and treated debtor categories differently according to their income. In this article we contribute to the debate on subaltern financialisation by showing how post-crisis credit and housing policies contributed to the fact that today different debtor groups (i.e. by type of credit but also by time of lending) find themselves at opposing ends of the political spectrum based on different class alliances, with those who benefited from the crisis-management polices positioning themselves against those who were the ‘losers’ under these same policies.

Language:

English

Rights:

http://creativecommons.org/licenses/by-nc-sa/4.0/
policy:public

Coverage:

68-77

Source:

Critical Housing Analysis | 2022 Volume:9 | Number:1

Harvested from:

CDK

Metadata only:

false