| 单词 | domestic credit expansion |
| 释义 | domestic credit expansion The part of any increase in the money supply which is not due to a balance-of-payments surplus. The money supply can increase through a balance-of-payments surplus, on either current or capital account. This leads to a rise in foreign exchange reserves, and a corresponding increase in base money if this is not sterilized by the monetary authorities. Alternatively, the money supply can rise through lending by the banking system to either the state or the private sector. This extra internal bank lending is domestic credit expansion. |
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