Global Credit Availability Essay -- essays research papers fc

Global Credit AvailabilityIn todays world of personal finance and economics, with the global horizon being the primary focus. Corporations, just like individuals, are looking at expanding their horizons and saving or making as much profit as they can. How do they accomplish this gigantic and often expensive proposition? The result to this is through accredit. However I poise a question to everyone. Is the assuagement of which to receive credit today a hindrance and detriment to any of us, or is it the answer we have all been looking for? I pull up stakes show you both sides of this situation and you are the judge.The term credit fit in to the 1992 issue of New Websters Dictionary is a transfer of goods, etcin confidence of future payment, to enter on the credit side of an deem to procure credit or honor to (Credit). The term national credit in the Dornbusch Microeconomics book is the monetary authoritys holdings of claims on the public sector government debt and on the pri vate sector ordinarily loans to banks (Domestic Credit). According to our private Finance book Consumer credit dates back to colonial times. While credit was originally a priviledge of the affluent, farmers came to office it extensively. No direct finance charges were imposed instead, the cost of credit was added to the value of goods All economists now recognize consumer as a major squelch in the American economy To paraphrase an old political expression, as the consumer goes, so goes the U.S. economy (164). These terms all mean one thing, as we the public, government, and businesses receive credit, we must be responsible with it and ensure that we repay our obligations.In todays global economy credit is the single near important tool most consumers and businesses have. Credit when used properly allows us to grow and purchase items we might not otherwise have the silver for. The United States has had credit reporting information and accounting since 1956, and with all of th is procurable information global models are now being created for other countries to follow. It is give tongue to that without the use and availability of credit the global econo... ...l. Macreconomics. 9th ed. Ed. Lucille Sutton. New York NY, 2004.Kapoor, Jack R., Les R. Dlabay, and Robert J. Hughes. Personal Finance. 7th ed. Ed. Michele Janicek. New York NY, McGraw-Hill/Irwin, 2004ReferencesCole, R., The importance of relationships to the availability of credit. Journal of Banking and Finance. 1998Fisman, R., Trade credit, monetary intermediary development and industry growth. Journal of Finance. 2003Kennickell, Arthur B., Martha Starr-McCluer, and Brian J. Surette, Recent Changes in U.S. Family finances Results from the 1998 Survey of Consumer Finances, national Reserve Bulletin. January, 2000, pp 1-29.Scott, J., Small business and the value of association financial instituations. Journal of Financial Services Research. 2004United States. Board of Governors of the Federal R eserve System. Federal Deposit Insurance Corporation. 10 Nov. 1999 http//www.federalreserve.gov/boarddocs/press/ normal/1999/19991110/default.HTMUnited States. Federal Reserve Board. 10 Sept. 2003http//www.federalreserve.gov/BoardDocs/Press/bcreg/2003/20030910/default.htm.