Credit crunch: Difference between revisions
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imported>Doug Williamson (Layout.) |
imported>Doug Williamson (Link with Global Financial Crisis page.) |
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''Economics | ''Economics'' | ||
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== See also == | == See also == | ||
* [[Cash in the new post-crisis world]] | |||
* [[Credit]] | * [[Credit]] | ||
* [[Financial market risk]] | * [[Financial market risk]] | ||
* [[ | * [[Global Financial Crisis]] | ||
Revision as of 15:25, 11 February 2017
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).
