However, the credit crunch policy led to a vicious cycle as it reduced investment and output as banks were also more cautious about extending credit to investors. A liquidity trap can exist when the nominal interest rate does not reach zero because the risk of holding the assets increases the ...
The great waves of immigrants to America were driven by the economies they were running from and not the one they were running toward. Or simply look at Mexico. From the "kingdom" of Maximilian to modern corrupt governments and drug lords, the Mexican economy has been burdened to the point...