Securitisation and the bank lending channel

Yener Altunbas, Leonardo Gambacorta and David Marques-Ibanez

No 838, Working Paper Series from European Central Bank

Abstract: The dramatic increase in securitisation activity has odified the functioning of credit markets by reducing the fundamental role of liquidity transformation performed by financial intermediaries. We claim that the changing role of banks from JEL Classification: E44, E5

Keywords: asset securitisation; bank lending channel; monetary policy (search for similar items in EconPapers)
Date: 2007-12
Note: 328790
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (47)

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Related works:
Journal Article: Securitisation and the bank lending channel (2009)
Working Paper: Securitization and the bank lending channel (2008)
Working Paper: Securitisation and the bank lending channel (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbwps:2007838

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