Credit crunch

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Revision as of 12:29, 5 August 2013 by imported>Doug Williamson (Spacing and indentation)
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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.
  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.

See also