The UK government introduced lending targets for the five major UK banks after the global financial crisis.
Question:
The UK government introduced lending targets for the five major UK banks after the global financial crisis. Use the simple model of the macro-economy and the financial system to discuss this policy. Make sure you refer to:
a. Whether you think the policy makes economic sense.
b. Are there any potential pitfalls with the policy?
c. How could it affect stabilization policy?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Macroeconomics Institutions Instability And The Financial System
ISBN: 9780199655793
1st Edition
Authors: Wendy Carlin, David Soskice
Question Posted: