During the financial crisis of 2007-2008 the governor of, Ask an Expert

Economics

During the financial crisis of 2007-2008, the governor of the Bank of Canada expressed concern that the commercial banks were "hoarding" cash rather than extending a more appropriate volume of loans. Why might the banks do this, and what is the implication for the money supply?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91678024

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