This is an old revision of this page, as edited by Gogogogogo3323 (talk | contribs) at 17:47, 16 August 2007. The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.
Revision as of 17:47, 16 August 2007 by Gogogogogo3323 (talk | contribs)(diff) ← Previous revision | Latest revision (diff) | Newer revision → (diff)A "credit crunch" is a recessionary period in a debt-based monetary system where growth in debt has slowed and subsequently causes a drying up of liquidity in an economy.
The 2007 subprime mortgage financial crisis has brought about a credit crunch.
 | This economics-related article is a stub. You can help Misplaced Pages by expanding it. |