Money Citations > 'Contraction'
'Contraction' Oriented Website
Breaking the Bank - Page 3/5
Citation added: August 11th, 2008, 5:49 am
Page 3 of 5 in Richard Douthwaite's analysis of the Irish banking system.
Here he notes the risk posed by credit contraction to any banking system, "progressively more difficult for people to service their debts because, when the money supply is shrinking, there's less liquidity available out of which they can make the payments as they fall due".
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money | banking | ireland | debt | credit | contraction | deflation | default | douthwaite
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