Journal Article

Credit flows to businesses during the Great Recession


Abstract: During the last recession, credit flows suffered their worst slowdown since World War II. A look at selected credit market measures gives some insight into why the slowdown was so severe. The measures also show that in spite of the size of the shock, credit flows actually recovered extremely quickly?a testament to the depth of the credit markets, and possibly the interventions that were taken to support them.

Keywords: economic conditions - United States; Recessions; Flow of funds;

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Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Commentary

Publication Date: 2011

Issue: Aug

Order Number: 15