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1 - 5 van 5 voor mortgage borrowers
L:\publicaties\...\cpbdoc15.wp [PFP#1210200691]
... deposit market may create excess capacity of incumbents and excessive risk taking by entrants; in mortgage markets an expanding market may contribute to an asset bubble; and in the market for ... function of the financial system is to smoothly channel funds from savers to borrowers and transfer returns from borrowers back to savers. the financial system provides liquidity (allowing for easy exchange of ...
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impact bank competition interest rate pass through euro area pdf
... loans instead; see, for example, winker (1999). banks may also choose to provide their borrowers with implicit interest rate insurance' by smoothing bank loan rates over the cycle; see ... interest rates differ substantially across countries, across products and over time. on average, period, mortgage rates and consumer lending rates were highest (lowest) in portugal (austria). regarding short-term ...
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memo221.pdf
... role of securitisation why did the relatively limited losses on the mortgage market cause a worldwide banking crisis? this was due to ... markets can dry up when it becomes clear that some borrowers are on the brink of bankruptcy, but no one knows ... systemic risk in the financial sector an analysis of the subprime-mortgage financial crisis, max planck institute for research on collective goods preprint, ...
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Microsoft Word - leuvensteijn.doc
... mortgage market, as we used information of borrowers who acquired insurance against the default risk from the dutch national mortgage guarantee (nmg). the advantage of this segment is that the borrowers ... both sides of the mortgage market. the impact of borrowers' search costs on the price dispersion was demonstrated theoretically by salop and stiglitz (1977). in their model, borrowers face unseen ...
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Microsoft Word - cpbdoc210.doc
... also, if banks have private, non- verifiable information about the creditworthiness of their borrowers, these borrowers may no longer be able to acquire funding for profitable investments if their ... vehicles. when a correlated increase in mortgage payment delinquencies hit the market for securitised loans, the market value of these mortgage-backed securities plummeted as potential buyers became ...
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