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In a liquidity crisis, as we have seen all too recently, a sudden tightening of credit sets off a vicious cycle of margin calls that lead to forced sales, which in turn cause asset prices to plunge, and so on.
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Through 2007, each dollar of additional credit set off an extra dollar of economic output.
To its credit, "Set It Up" doesn't devote too much time to sidekicks.
"It is exactly this kind of problem that universal credit set out to solve.
The Bayesian network model learns the creditee's capability and reliability and anticipates the associated profits and risks for credit setting.
Dove, to its credit, set about proving its hypothesis via a more sophisticated mechanism than dinner plates; it used doors.
And with the government's first-time homebuyer tax credit set to expire on April 30, a major incentive for many potential home buyers will be gone.
One idea would be to allow the IMF to guarantee private lines of credit set up in advance to deal with a panic.
Campaign group 38 Degrees has gathered more than 218,000 signatures on a petition to reverse the planned reductions to universal credit set in train by Osborne.
A simpler and better solution would be a universal refundable tax credit, set at a level sufficient to ensure that all incomes exceed the poverty line.
In 2002, Grupo Elektra, which still sells about 60% of its goods on credit, set up a full-fledged bank, Banco Azteca, with branches inside Elektra stores.
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CEO of Professional Science Editing for Scientists @ prosciediting.com