At the same time, the Fed is stifling and distorting the availability of bank credit.
The trend to formalisation is largely a result of the greater availability of bank credit and equity capital on the one hand, and recent changes that make it easier to register micro-businesses on the other.
For example, in an ingenious argument, he shows that the chief effect of an inverted yield curve is to shift leadership from growth companies to value firms that benefit from the free availability of bank loans.
And it points to the latest credit availability figures from the Bank of England, which suggest that the amount of money available to lend out is at an all-time high.
"Neither the cost nor the availability of wholesale funds has improved for lenders since the Bank of England launched its special liquidity scheme, helpful though that scheme is, " said CML director general Michael Coogan.
Recent moves by Bank Indonesia were meant to restrict the availability of dollars in the country.
Britain has recently been putting public pressure on the World Bank to streamline its processes to ease the availability of funds.
In January, as attackers hammered bank sites with DDoS attacks, the availability rate of websites at U.S. financial institutions actually rose to 97.21% from 94.86% in the fall, when the first phase of the ongoing attacks was in full force, according to a report from BankInfoSecurity.com.
"Lenders expected a further increase in the availability of credit to all sectors over the coming quarter, " the Bank added.
BBC: Mortgage funds to rise significantly, Bank of England says
It has opened a for-profit bank mortgage office to write loans and expand the availability of credit, especially for mortgages in affordable housing developments.
The Bank of Japan this week said it would extend the availability of cheap loans to banks, in a bid to push down the yen.
To ensure the availability of credit for Nano buyers, Tata Motors has tied up with the State Bank of India, the country's largest bank.
The availability of the new series was welcomed by Richard Ramsey, chief economist at the Ulster Bank.
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