Artificial credit expansion — credit not funded by savings — creates the business cycle by spawning capital malinvestment.
虚假的信贷膨胀——不是通过储蓄创造出来的信贷——通过制造了大量资本的错误投资而导致了商业周期。
| 单词 | Credit expansion |
| 释义 |
Credit expansion
英语例句库
Artificial credit expansion — credit not funded by savings — creates the business cycle by spawning capital malinvestment. 虚假的信贷膨胀——不是通过储蓄创造出来的信贷——通过制造了大量资本的错误投资而导致了商业周期。 Has the long period of credit expansion—dubbed the “debt supercycle” by Martin Barnes of Bank Credit Analyst—come to an end? 长期的信用扩张——被银行信用分析师MartinBarnes称为“债务超级周期”——会画上句号吗？
英语百科
Credit cycle（重定向自Credit expansion）
The credit cycle is the expansion and contraction of access to credit over time. Some economists, including Barry Eichengreen, Hyman Minsky, and other Post-Keynesian economists, and some members of the Austrian school, regard credit cycles as the fundamental process driving the business cycle. However, mainstream economists believe that the credit cycle cannot fully explain the phenomenon of business cycles, with long term changes in national savings rates, and fiscal and monetary policy, and related multipliers also being important factors. |
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