Credit Controls: 1980
31 Pages Posted: 3 Nov 2012
Date Written: 1990
Abstract
Government price control programs in the U.S. began over two hundred years ago. More recently, credit controls, which are a special case of price controls, entered the arsenal of policy instruments. Credit control programs involve regulation of either the price of credit-interest rates-or the quantity of credit extended for various purposes. Credit controls can be selective or general. Selective controls affect the price or quantity of specific types of credit, whereas general controls are designed to affect the aggregate amount of credit used.
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