theory of credit creation
14.信用创造论(Theory of Credit Creation):西方经济学家提出的一种信用学说,认为银行具有无限创造信用的能力,而供应信用即是创造资本。
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theory of credit creation
信用创造理论
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According to this theory it is the artificial lowering of interest rates and creation of excess credit by a central bank's monetary policy that causes investors to erroneously believe that economic conditions are better than they actually are, leading to an abundance of overconfidence.
ECONOMIST: Thailand and the Rohingya