3  For example, Ferguson, R., P. Hartmann, F. Panetta and R. Portes, International Financial Stability, Ninth Geneva Report on the World Economy, International Center for Monetary and Banking Studies, 2009.
Indeed, many of our contacts for the Beige Book, which was published today, highlighted tight and tightening credit conditions, and, in increasing numbers, indicated that a lack of credit availability is negatively affecting their customers' ability to spend or impairing their own ability to maintain the normal working capital they need to manage their day-to-day operations.