I want to know the answer to the following question:
According to Hayek, what was the cause of the banks' wrongful allocation of funds?
All the background I'm provided with is that "In his Prices and Production (1931), Hayek argued that the business cycle resulted from the central bank's inflationary credit expansion and its transmission over time, leading to a capital misallocation caused by the artificially low interest rates.". Is that enough to answer the question?
Answer: yes