credit expansion

A great deal of the credit expansion over the last two years had been funneled through the aforementioned LGFVs.

Credit expansion was one of the "unexpected difficulties" China had encountered in dealing with the worst crisis in decades, Wen said.

It said the rises were needed "to reasonably control money and credit expansion and stabilise inflationary expectations" .

It was this money and credit expansion that created the excess capacity that ultimately led to the lost decades for the US and Japan.

The preceding boom had been based not on real factors but on bubble conditions created by the Fed's artificial credit expansion.

Concentrated in eastern cities, China's residential property bubble is mainly the result of excessive credit expansion in 2009.

Effects may be amplified by political uncertainty, overvalued housing markets and explosive credit expansion.

The size of the infrastructure stimulus and credit expansion was such that I think we are, to an extent, in uncharted territory.

The short-term rebalancing of this year, via a huge credit expansion and surge in fixed investment, is a temporary expedient.

To be sure, the sudden slowdown in credit expansion will cause illiquidity in some investment projects and slowed real-estate construction.

The remedy to the distortions credit expansion would have been the fast liquidation of malinvestments, banks, and governments.

If we assume the US economy to be a huge water mill, its credit expansion is the flow of water.

The government is, therefore, moving to slow credit expansion and I believe it is right to do so.

The increase in the loan rate of interest even exceeding pre-credit-expansion levels.

Increasing interest rates would be a better approach to managing credit expansion.

Macroeconomic policy needs also to address asset prices, credit expansion and imbalances between sectors and economies.

Aggressive US monetary policy and the weakening dollar generate a falling renminbi, a huge reserve accumulation and strong credit expansion.

If one rules out exits, this requires a buoyant eurozone economy, higher inflation and vigorous credit expansion in surplus countries.

"[It] marks the end of an era of credit expansion based on the dollar as the international reserve currency. "

Before the recession, the consumer and financial sectors benefited from huge credit expansion. Not so any more.

During the Fed's debt monetization process, the economy will get another injection for credit expansion.

First, it suggests China's strong growth in the first half of the year was helped by continued credit expansion.

That should generate a credit expansion, excess demand, a rise in the domestic price level and an appreciation in the real exchange rate.

Indeed, the credit expansion that has left many younger house buyers so heavily indebted fuelled those gains.

Credit expansion was reined in. Policies to contain the fever of property development also followed.

If banks instead shrink their capital to exit the Tarp, this will delay the credit expansion recovery relies on.

When one manages a reserve currency, it needs an outside anchor to keep global credit expansion under control.

More important, monetary policy has worked, in practice, via credit expansion.

Each avoided the credit expansion, consumer frenzy, house-price bubbles and trade deficits indulged in by many of their peers.

Low interest rates and excess liquidity created by 2009's huge credit expansion have driven house prices to dizzying heights.

In fact, monetary inflation via credit expansion is the source of our present trouble.

But the most fanatical attacks against gold are made by those intent upon credit expansion.

Its origins lie with credit expansion and financial innovation in the US itself.

Aggressive credit expansion is a dangerous way to achieve a permanent rise in domestic spending relative to output.

The Chinese government will regulate consumer credit expansion.

With them credit expansion is the panacea for all economic ills.

This may not be an immediate problem, as long as Chinese policy makers are intent on taming last year's breakneck rate of credit expansion.

Second, the connection between credit expansion and sustainable economic growth is, as we can all see, not close.

"This year, all kinds of risks have arisen in the banking sector along with the rapid credit expansion, " Liu Mingkang said last month.

Credit expansion analysed by economic use was mixed in 2001.

Even if this profligate use of capital is halved, it still means credit expansion of 10%-15% is needed to achieve real GDP growth of 2%-3%.

In 2006, one yuan in credit expansion yielded 0. 76 yuan in GDP growth.

Tightening lending criteria, for example, to slow credit expansion seemingly offers an easy way to cool red-hot asset markets.

The Credit Expansion of Japanese Banks and Its Crisis Effects

The Origin of the Calamity: Credit Expansion

Easing the Limits on Bank Credit Expansion

Governmental Credit Expansion and Directional Credit in China's Credit Distribution

It is nonsense to claim that the dangers of the credit expansion of 2003-07 could not have been foreseen;