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Tag: Credit expansion


Capital and Risk, Credit

Credit expansion is the real cause of booms and busts

March 8, 2018

Via: Market Watch

CHICAGO (Project Syndicate) — Every major financial crisis leaves a unique footprint. Just as banking crises throughout the 19th and 20th centuries revealed the importance of financial-sector liquidity and lenders of last resort, the Great Depression underscored the necessity of […]