Credit crunch: Difference between revisions
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imported>Doug Williamson (Expand 2nd definition.) |
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In particular, the rapid reduction in interbank lending from 2007, and its wide ranging adverse effects on other financial markets and on the economy. | In particular, the rapid reduction in interbank lending from 2007, and its wide ranging adverse effects on other financial markets and on the economy. | ||
This is sometimes known as the Global Financial Crisis ( | This is sometimes known as the Global Financial Crisis (GFC), or the Global credit crunch. | ||
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* [[Credit]] | * [[Credit]] | ||
* [[Financial market risk]] | * [[Financial market risk]] | ||
* [[Global Financial Crisis]] | *[[Global Financial Crisis]] (GFC) | ||
* [[Great Recession]] | |||
* [[Interbank]] | |||
[[Category:The_business_context]] | [[Category:The_business_context]] | ||
Latest revision as of 20:29, 4 July 2022
Economics.
1.
A large and rapid reduction in the general availability of borrowings, or a similarly large and rapid increase in the cost of borrowing, or both.
2.
In particular, the rapid reduction in interbank lending from 2007, and its wide ranging adverse effects on other financial markets and on the economy.
This is sometimes known as the Global Financial Crisis (GFC), or the Global credit crunch.
