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Not so in Europe, where the problems of credit institutions remain a grave threat to the rest of the economy.
In one, he suggested that regulation wasn't going to solve the problems of credit crises in the capital markets.
All other South Korean banks have reported steep drops in earnings this year as a result of the problems of credit card companies, SK Global and other debt-ridden companies.
For the three founders, who are all under 30, the problems of credit accessibility was more than academic.
Size matters on Wall Street, and their enormity has left them better insulated from the problems of credit, outstanding commercial real estate debt, and other issues that continue to plague the industry as a whole.
In a 2007 speech on the topic, Bernanke, ever the historian, quoted a 1923 Fed report, "The more fully the public understands what the function of the Federal Reserve system is and on what grounds and on what indications its policies and actions are based, the simpler and easier will be the problems of credit administration in the United States".
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"Credit Cards on Campus" (editorial, July 28) correctly identified the problem of credit card companies aggressively marketing their wares to vulnerable college students, most of whom have no experience with personal finance.
It would be a great mistake for the S.E.C., in its enthusiasm for taking corrective action, to end the official status of certain rating agencies, for such an action would result in the elimination of any standards for rating agencies, thereby encouraging the proliferation of unregulated rating agencies and contributing to the problem of credit ratings quality.
The institute also published a paper on the perennial problem of credit rating agencies, co-authored by Ann Rutledge and Robert Litan.
This incentive indicates that the problem of credit expansions or recessions in capital are not only due to procyclicality (Repullo and Suárez 2012; Repullo et al. 2010; Ayuso et al. 2004), but also because of the composition of the capital.
In economics, early uses appear for the problem of credit scoring, but more recently for the evaluation of zero-cost investments, such as the carry trade (see Jordà and Taylor 2009; Berge et al. 2011).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com