The credit cycle is the expansion and contraction of access to credit over time. Some economists, including Barry Eichengreen, Hyman Minsky, and other Post-Keynesian economists, as well as members of the Austrian school, regard credit cycles as the fundamental process driving the business cycle.
The credit cycle is the expansion and contraction of access to credit over time. Some economists, including Barry Eichengreen, Hyman Minsky, and other Post-Keynesian economists, as well as members of the Austrian school, regard credit cycles as the fundamental process driving the business cycle.
Source: Wikipedia "Credit cycle" · CC BY-SA 4.0
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