Economics Dictionary of ArgumentsHome
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| Credit expansion: Credit expansion in economics refers to the increase in the availability of loans and credit within an economy, typically driven by lower interest rates or monetary policy actions. It stimulates investment and consumption, boosting economic activity, but excessive expansion can lead to inflation, asset bubbles, or financial instability. See also Inflation, Credit, Money supply._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Austrian School on Credit Expansion - Dictionary of Arguments
Coyne I 36 Credit expansion/Austrian School/Coyne/Boettke: In addition to discussing the policy response to a bust once it occurs, Austrian economists have (…) explored ways of avoiding the onset of a bust in the first Place. >Business cycle/Austrian School. These include designing and reforming monetary institutions to limit the possibility of credit expansions that lead to distortions in relative prices and the capital structure. Such proposals fall under the idea of a "monetary constitution," a set of rules and institutional arrangements to limit the ability of banks to create money. >Central banks, >Money supply. A monetary constitution can take a variety offorms in practice and might include such things as a rule limiting the amount of credit created within a particular time frame, the backing of credit by hard money to limit the ability of banks to print money, or monetary competition which would limit money creation by replacing a centralized monopoly supplier of money with competition among banks. >Money/Mises, >Money/Rothbard._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Austrian School Coyne I Christopher J. Coyne Peter J. Boettke The Essential Austrian Economics Vancouver 2020 |
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