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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
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Related works:
Journal Article: Securitisation and the bank lending channel (2009) Downloads
Working Paper: Securitization and the bank lending channel (2008)
Working Paper: Securitisation and the bank lending channel (2007) Downloads
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