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Credit Crunch Essay Examples

Essay on Credit Crunch

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Essay about Credit Crunch

The term Credit crunch is used to describe a sudden reduction in the general ability of credit in terms of loans. It can also be described as the sudden increase in the cost of obtaining a loan from the bank and other lending institutions. Various factors are responsible for such a sudden increase. Anticipated increase in the value of the collaterals used by banks would be a good example of these factors. Another factor is an increase perception of the…...

Credit crunch

The global financial system is experiencing banking and financial turmoil commonly referred to as the credit crunch that is said to be due to the pricking of a massive debt bubble, (Peston, 2009). There is no standard definition of the credit crunch; however, a credit crunch is generally described as an economic condition in which investment capital is difficult to obtain (Invetopedia 2009). Credit crunches have been observed to follow recessions and do seriously stifle economic growth through decreased capital…...

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