Banks aggressively expand credit creation

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• Princes of the Yen whole source · open book

  From about 1986 onward, banks increased credit creation aggressively. Loan growth of the city banks averaged about 15 percent in the late 1980s, and total loan growth remained above 12 percent most of the time.

  chapter: 9. The Great Yen Illusion: Credit Bubble and Bust

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• Richard Werner author of the source

Appears in 3 stories

• Japan's asset bubble: credit orders, land, stocks, and the Nikkei step 3
• Paper money, central banks, and credit creation step 31
• Princes of the Yen: Japan built, bubbled, and broken step 165

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