Credit crunch: Difference between revisions
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imported>Doug Williamson m (Link with new GFC page.) |
imported>Doug Williamson (Linked to The Treasurers Handbook - Cash in the new post-crisis world) |
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Revision as of 10:39, 1 December 2014
Economics.
- A large and rapid reduction in the general availability of borrowings, or a similarly large and rapid increase in the cost of borrowing.
- In particular, the rapid reduction in interbank lending from 2007, and its wide ranging adverse effects on other financial markets and on the economy.
