Financial retrenchment in the United States

Quarterly Bulletin 1992 Q1
Published on 01 March 1992

The slow pace at which the US economy is emerging from recession has been widely linked to the rapid rise in levels of indebtedness during the 1980s. This article outlines the factors that underlay first, the expansion of credit in the United States in the mid-1980s, and then, the slowdown in credit growth at the end of the decade.

PDFFinancial retrenchment in the United States

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