Answering questions on the financial crisis and the implications of the credit crunch on Londoners, Johnson repeated his view that "there has been greed and deceit" among London's bankers but that "we must navigate a way out of this that does not punish innocent members of the financial services industry".
We explore the implications of endogenous credit market imperfections for the endogenous relationship between investment insecurity and the process of economic development.
We examine the implications of optimal credit risk transfer (CRT) for bank-loan monitoring, and the incentives for banks to engage in optimal CRT.
"What would be really unfortunate is if 80% of the collapse in oil prices were the unforeseen implications of the credit freeze," he says.
The Resolution Foundation avoids sketching out what the human implications of this consumer credit crunch might be, but they're not hard to infer: red-letter bills, forced sales of homes, and a rise in repossessions.
At a session devoted to the progress and implications of the tax credit, Andy Harries, chief executive of Left Bank Pictures, which makes dramas ranging from Wallander and Strike Back to Mad Dogs, said: "That's what it's all about, bringing drama back here".
Yet it is a mistake to ignore the implications of the rapid credit expansion on the mainland following the 2008 global financial crisis.
Make banking arrangements and, if you get a credit card, be sure you understand the implications of interest rates and credit card debt.
In a conference call on the credit implications of the World Trade Center attacks, Moody's Investor Service says it will be several more weeks before network advertising returns to normal levels.
It said: "It will be some time before the implications of the tighter liquidity and credit conditions now set to prevail well into 2009 become clear, but it is logical that these will not be without consequence for SIG's markets and customers".
