Credit extension and credit quality seem to have become important elements of contemporary macroeconomic analysis. No recent experience of credit problems, financial distress, or insolvency rivals the experience of the Great Depression. The purpose of this paper is to review and interpret some of the most important aspects of Credit In the macroeconomy.
Credit extension and credit quality seem to have become important elements of contemporary macroeconomic analysis. No recent experience of credit problems, financial distress, or insolvency rivals the experience of the Great Depression. The purpose of this paper is to review and interpret some of the most important aspects of Credit In the macroeconomy.
Credit extension and credit quality seem to have become important elements of contemporary macroeconomic analysis. No recent experience of credit problems, financial distress, or insolvency rivals the experience of the Great Depression. The purpose of this paper is to review and interpret some of the most important aspects of Credit In the macroeconomy.