Encyclopedia of Law and Economics

2019 Edition
| Editors: Alain Marciano, Giovanni Battista Ramello

Credit Expansions

  • Juan Ramón RalloEmail author
Reference work entry
DOI: https://doi.org/10.1007/978-1-4614-7753-2_130


Credit means deferred payment. Therefore, credit expansion means deferring more payments. The process of granting more credit inside the economic system can foster economic coordination, but it can also lead to intertemporal imbalances.


Credit expansion banks interest rates business cycle 
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© Springer Science+Business Media, LLC, part of Springer Nature 2019

Authors and Affiliations

  1. 1.OMMA Center of StudiesMadridSpain