The genesis of a recession is caused by excessive credit creation on the part of Banks and the Fed.

部分银行和联储过度的信用创造导致了衰退的发生。

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Meanwhile, the shadow banking system was as important for credit creation as Banks in recent years.

与此同时，近年来影子银行体系对建立信贷的重要程度不亚于银行。

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Based on this, we can lay a solid foundation for the interaction mechanism of credit creation and financial virtualization.

以此，能够为建立信用创造与金融虚拟良性互导机制奠定坚实的基础。

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Credit creation by the federal mortgage agencies has been accused of inflating a credit bubble.

ECONOMIST: Fannie, Freddie and Uncle Sam

There is no magic bullet available to the FPC to simultaneously strengthen banks and increase credit creation.

BBC: Who can boss the banks?

That means lower growth as tapped out consumers stop taking on more debt and credit creation slows.

FORBES: No Credit Bubble In Brazil As Credit "Hits Brick Wall"