As safe as houses

As safe as housesBanks have been boosting mortgage lending for decades, at the expense of corporate loans BANKS may be frail and dangerous things, but most economists see them as essential to growth. According to the centuries-old circular-flow model, which tries to explain how money moves between firms and households, it is their job to recycle private savings into business loans. That helps firm

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銀行は、企業への融資に比べて、住宅ローンへの融資をずっと増やしてきた。銀行が、家計の貯蓄を、企業の融資に回す、という図式はもはや時代遅れで。銀行の貸出のおよそ60%は住宅ローン向け。