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Monetary policy would have been more effective in the US had more attention been devoted to credit blockages – for example, many homeowners' refinancing problems, even at lower interest rates, or small and medium-size enterprises' lack of access to financing.
Recently, with the message board more devoted to credit repair than credit-limit extension, the "preapproval" thread has turned partly into a discussion of safer credit options, like secured cards that require a deposit of cash as collateral.
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On August 21st, Bernanke departed for the annual Jackson Hole conference, which was to be devoted to the credit crunch.
One group striding by — five bankers from Goldman Sachs — seemed more focused on avoiding the educational experience of the exhibit devoted to the credit crisis.
Bernanke has proposed there be another federal stimulus package, with a good part of it devoted to getting credit to consumers.
In contrast, only a few papers devoted to nonlinear models of credit risk are available.
It tends indeed to create a confusion between insolvency and default mainly seen as the non-repayment of a debt by the literature devoted to the functioning of credit market.
But it appears the next month will be devoted to rolling the closing credits on the regular season and preparing for the playoffs.
Understandably, much press coverage has been devoted to those personal mortgages and credit cards which use Libor as a reference rate, but the major products which are affected by it are interest rate swaps.
Margaret was, on the other hand, always devoted to her brother and is credited with saving his life when he became ill in prison at Madrid after his capture at Pavia during the disastrous French expedition into Italy in 1525.
But it's hard to remember another season when so many dealers were writing checks to museums for solo shows devoted to their artists, and being credited publicly for it.
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