摘要
Abstract
Financial crises are characterized by bank runs. The word ＂bank＂ is nothing more than a synonym for transaction of loans and deposits, of which the phenomenon of bank run concerns the latter; whereas, the transaction of loans and deposits is generally reflected of currency and thus interest rates are the price of the through credit or interest rates. currency. As is known, prices Loans are made in the form measured in monetary units become commodity prices. The formation mechanisms of commodity prices and currency prices belong to mtterent realms of issues, and the generation of asset prices is related both to currency prices and commodity prices. It is evident that only banks have the right to such maneuvers as excess banknote printing and excess credit servicing.Therefore, financial crises are nothing more than the negative result of a farce self-direct by banks. For analysis of the phenomenon of credit expansion, the interest rate differential （bank profits） is bound to attract attention. This paper hopes, via the analysis of the causes of the variable interest rate, to provide a basic platform for further research into ＂the causes of credit expansion in financial crisis＂.关键词
金融危机/贷款膨胀/货币-价格生成机理/利息率/银行自导自演Key words
financial crisis/credit expansion/money-price formation mechanism/interest rates/manipulation by banks分类
管理科学
