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Finance and Credit
 

Other credits: essence, problems and prospects

Vol. 17, Iss. 39, OCTOBER 2011

Available online: 1 November 2011

Subject Heading: BANKING BUSINESS

JEL Classification: 

Ramasanov S.A. PhD in Economics, associate professor, division head «Economic theory» R.E. Alekseev Nizhny Novgorod Technical State University
ram-nn@yandex.ru

In this work the author researches essence of nonconventional crises during the period with 2007 for 2011. The basic problems of use of «other credits» are analyzed; the possible reasons and consequences of their turning are allocated. Reduction of «other credits» occurs along with increase in excessive currency holdings, external debts of corporate sector of economy that at all isn't stabilizing and anti-inflationary factors. According to the author, for economy the increase in internal «nonconventional» credits in exchange for reduction external «traditional» is much safer.

Keywords: bill, guarantee, credit agreements, pledge, the interest rate

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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