Your English writing platform
Discover LudwigExact(1)
The features of cyber credit demanded by Internet finance have been far beyond the capability of traditional FICO system could handle the single valued credit score has limited power in the e-commerce financial services.
Similar(59)
As Lord Turner puts it: "Lending against real estate generates self-reinforcing cycles of credit supply, credit demand and asset prices".
Sensible people do not want to borrow in a deflation so credit demand and, hence, interest rates are low.
Elsewhere, credit card balances edged up by $8 billion, while the number of credit account inquiries over six months, an indicator of consumer credit demand, was flat at 159 million.
Chinese banks grant loans at the central government's behest, and money and credit numbers show both policy aims and the state of credit demand.
This makes it all the more important that the euro zone should use capital markets to a far greater extent to meet credit demand.
Equal pressure comes from high government borrowings, sustained credit demand and the RBI's frequent recent interest-rate hikes aimed at controlling inflation.
Mr Kling dismisses the importance of a credit crunch, saying, "it appears to me that since the beginning of this year the signs point to lower credit demand rather than lack of credit supply".
And even if credit demand holds up, banks reeling from subprime-related losses are less willing to supply it.Another strain of policy pessimism argues that interest-rate cuts will only fuel inflation, without helping the economy.
The weaker economy, meanwhile, has been partly reflected in cautious credit demand from business and consumers, with companies holding back from investment and households reluctant to take on debt.
Its latest report said: "The analysis in this article suggests that the weakness in bank lending since mid-2007 reflects a combination of tighter credit supply and weaker credit demand.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com