The supply of credit, in other words, resulted from the demand for credit.

But one can take another view, which is that demand for credit, rather than supply, is the crucial economic driver.

But, now that house prices have collapsed and credit is unavailable to underwater households, demand has plummeted.

At the same time, expanded access to credit has supported a building boom to meet vast untapped demand.

The government is using a variety of instruments, including financial sector credit discipline, to rein in investment demand.

Application of the convention's terms to letters of credit, direct demand guarantees and similar undertakings needs to be adjusted.

Surely there is at least as much natural demand for commodity bonds as there is for credit default swaps and some of the bizarrely complicated derivatives that are currently traded!

To stem this flood of credit induced demand with fiscal policy alone is impossible, and it is absurd to try.

Second, the pace of consolidation should remain moderate as long as private demand remains constrained by deleveraging or credit restrictions.

There is a credit crunch, as banks with insufficient capital do not want to lend to risky borrowers, while slow growth and high levels of household debt have also depressed credit demand.

Higher real interest rates discourage credit financed purchases by households and businesses. This weakens overall demand, leading to steeper declines in prices.

But the demand for emerging market assets is neither infinite nor perfectly substitutable for the assets of advanced economies even for given interest rate differentials because these assets have very different liquidity and credit risks.

14.17 The Vanuatu Credit Union League, for example, is the umbrella organization for Credit Unions.

Indeed, more recently, the credit restrictions that were implemented at the end of 2010 have been loosened in order to stimulate consumer demand.

Although it is difficult to know how much of this decline reflected higher demand for Treasury bonds from risk averse global investors, the Fed s policies undoubtedly deserve some of the credit.

This implies that the problem has mainly been a lack of demand for credit reluctance on the part of businesses and households to borrow on almost any terms in a flat market.

Demand for departure

Domestic demand is playing an ever more important role in underpinning growth as interest rates drop and the availability of credit cards and mortgages increases.

While most Asian countries have had relatively limited direct exposure to mortgage related assets, deleveraging by foreign investors and slowing external demand have simultaneously created tighter credit conditions and lower expectations for growth.

Access to formal credit and credit for investment, regardless of the source, continues to be insufficient for women.

When the Argentine economy imploded in 2001, citizens lost their jobs and firms lost their access to credit, causing domestic demand to collapse. Output fell sharply.

The Fed has been trying to slow demand growth and cool the housing price bubble to avoid inflation, but carry trade speculators have been easing credit.

This would enable the PBC to manage domestic demand by allowing interest rates to rise in order to rein in credit growth and deter reckless investment.

Each of these commodities is an important input for major corporations. Surely there is at least as much natural demand for commodity bonds as there is for credit default swaps and some of the bizarrely complicated derivatives that are currently traded!

Thatcher herself was not an enthusiast for credit, once famously saying, I don t believe in credit cards.

The proximate reason for all financial crises is excessive credit growth a credit boom that goes bust.

Credit Where Credit is Due

For that, US government efforts deserve credit.

c. Provision of credit for small businesses

The worst thing that governments can do is to stand in the way by propping up unviable firms or by sustaining demand in unviable industries through easy credit.

Usually, the bank takes months to process the application, and may demand a bribe even in the unlikely event it is willing to take on the credit risk.

Thus, low interest rates and non market interference, rather than demand from enterprises, fueled explosive credit growth in the first half of 2009, surpassing the full year target.

This tax credit replaces the family benefits program, the non refundable tax credit for dependent children and the tax reduction for families.

Demand for luxury goods is booming, alongside weak demand for goods and services consumed by lower income groups.

In order to curb investment demand, tighter credit rationing and monetary policy are inevitable in 2008, while investment projects and land use will be subject to more rigorous control.

For example, a small business with a decent credit history can borrow large amounts with a major credit card.

The credit rating agencies would probably evaluate the United Nations for credit rating purposes based on various criteria, including

We have designed the corporate tax credit to maximize its positive impact on the economy labor costs will fall immediately without depressing aggregate demand in 2013, because the spending cuts ( 10 billion) and household tax increases that will fund the credit will begin only in 2014.

The United Nations goal with respect to the credit rating would be to convince the credit rating agencies to treat the borrowing as quasi sovereign for credit rating purposes.

Sami was working for a credit card company.

The EU deserves great credit for this transformation.

Credit Courtesy of the Institute for International Education

The DAP is the passport for the credit.

The attenuation of downside risks and pleasant surprises in developed and emerging economies could lead to a further increase in demand for risky assets (equities and credit), which would reinforce economic recovery via wealth effects and lower borrowing costs.

... For this, each partner has his share of credit.