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In the end, both central banks had to raise lending costs.
Bigger spreads in option markets might appear as investors adjusted for the differential between borrowing and lending costs.
It has bought a wide array of securities, including government bonds whose rates influence lending costs throughout the economy.
3. President Bush pushed tougher bankruptcy laws that were supposed to reduce bankruptcy and lower lending costs.
The outcome has been a tightening of real lending costs of more than one percentage point, even as industrial profits are slumping.
"This has set the stage for cheaper lending costs and created an investment climate which could even possibly reverse inflationary pressures," said secretary general D.S. Rawat.
Similar(27)
Bernanke's brash denial about any problem with subprime lending cost the US dearly.
The firm was forced to curtail its lending, costing it market share in its mainstay business, G.M. auto loans.
Gathering data for its 2014 report, Pew purchased data from several Web analytics firms and discovered that terms related to payday lending cost between $4.91 and $12.77 per click.
The Furman Center's findings appear to echo recent studies from a number of local and national housing and fair-lending organizations that found racial disparities in subprime lending, high-cost mortgages and foreclosures.
Lower rates, less volatility and a squeeze on lending spreads cost Itaú 450m reais of revenue between 2002 and 2003.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com