system
Given the following post, respond as if you're commenting on Reddit:
human
[Star Wars] What strengthens the imperial/republic credit? Is it susceptible to rises and falls?

A credit has to be backed by something, but I’m not sure what it is.  Precious metals? Gasses?  

Also; Is there anything in lore that talks to galactic fiscal catastrophes (like a recession)
gpt
Just like the US dollar, it's not backed by anything really. Before the Clone wars the republic was on aurodium standard, but then they got off of that and partnered with the banking clans to build up a credit reserve in order to help keep the value of credits stable. 

Once the war broke out though lots of planets were worried about what would happen if the republic fractured and just started printing out their own currencies. But when the empire took over they had everyone mostly switch back to imperial credits.