Balance sheet recession: Difference between revisions
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imported>Nick Gardner (New page: {{subpages}} <!-- Text is transcluded from the Balance sheet recession/Definition subpage-->) |
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Latest revision as of 16:12, 4 April 2010
Balance sheet recession [r]: A recession that occurs when banks or households attempt to correct a sudden increase in their leverage (brought about, for example, by the bursting of an asset price bubble), as a result of which banks use deposits to increase their reserves rather to give credit, and householders use income to pay off debt rather than to make purchases. [e]
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