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

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.

Keywords

Credit expansion banks interest rates business cycle 
This is a preview of subscription content, log in to check access.

References

  1. Diamond D, Dybvig P (1983) Bank runs, deposit insurance, and liquidity. J Polit Econom 91(3):401–419CrossRefGoogle Scholar
  2. Fekete A (1983) Borrowing short and lending long. Committee for Monetary Research and Education, CharlotteGoogle Scholar
  3. Fekete A (1996) Towards a dynamic microeconomics. Laissez-Faire n°5. Universidad Francisco Marroquín, Guatemala, pp 1–14Google Scholar
  4. Fisher I (1935) 100% money: designed to keep checking banks 100% liquid; to prevent inflation and deflation; largely to cure or prevent depressions; and to wipe out much of the national debt. The Adelphi Company, New YorkGoogle Scholar
  5. Fisher I (1930) The theory of interest. The Macmillan Company, New YorkGoogle Scholar
  6. Friedman M (1960) A program for monetary stability. Fordham University Press, New YorkGoogle Scholar
  7. Hayek F (1931) Prices and production. Routledge and Sons, LondonGoogle Scholar
  8. Hübner O (1854) Die Banken. Hübner, LeipzigGoogle Scholar
  9. Huerta de Soto J (1998) Dinero, crédito bancario y ciclos económicos. Unión Editorial, MadridGoogle Scholar
  10. Knight F (1921) Risk, uncertainty, and profit. Houghton Mifflin, BostonGoogle Scholar
  11. Minsky H (1986) Stabilizing an unstable economy. Yale University Press, New HavenGoogle Scholar
  12. Mises L (1912) Theorie des Geldes un der Umlausfsmittel. Duncker and Humblot, MunichGoogle Scholar
  13. Palyi M (1936) Liquidity minnesota bankers association. MinneapolisGoogle Scholar
  14. Selgin G (1988) The theory of free banking. Rowman& Littlefield, TotowaGoogle Scholar
  15. Selgin G, White L (1994) How would the invisible hand handle with money. J Econ Lit 32(4):1718–1749Google Scholar
  16. Smith A (1776) The wealth of nations. W. Strahan and T Cadell, ScotlandGoogle Scholar

Copyright information

© Springer Science+Business Media, LLC, part of Springer Nature 2019

Authors and Affiliations

  1. 1.OMMA Center of StudiesMadridSpain