Credit crunch

From CNM Wiki
Revision as of 18:05, 1 July 2020 by Kainat9 (talk | contribs) (Created page with "Credit crunch is a change in conditions at financial institutions that makes it hard for potential borrowers to obtain loans. ==Definition== According to Macroeconomic...")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

Credit crunch is a change in conditions at financial institutions that makes it hard for potential borrowers to obtain loans.

Definition

According to Macroeconomics by Mankiw (7th edition),

Credit crunch. A change in conditions at financial institutions that makes it hard for potential borrowers to obtain loans.