Abstract
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.
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Rallo, J.R. (2019). Credit Expansions. In: Marciano, A., Ramello, G.B. (eds) Encyclopedia of Law and Economics. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-7753-2_130
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DOI: https://doi.org/10.1007/978-1-4614-7753-2_130
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