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financial crisis, and China increased the growth rate of base money slightly. The resulting credit growth was very slight in the … USA and UK but very large in China. The US and UK money multipliers collapsed because the required capital adequacy ratio … against it, and equals the reciprocal of the required reserve ratio when CAR is not binding. To improve China’s economic …
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Financial Crisis, and China increased the growth rate of base money slightly. The resulting credit growth was very slight in US … and UK but over 100% in China. The US and UK money multipliers collapsed because the required capital adequacy ratio (CAR … it; and equals the reciprocal of the required reserve ratio when CAR is not binding. To improve China's economic …
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