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Securitisation and the bank lending channel

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  • Altunbas, Yener
  • Gambacorta, Leonardo
  • Marqués-Ibáñez, David

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

Suggested Citation

  • Altunbas, Yener & Gambacorta, Leonardo & Marqués-Ibáñez, David, 2007. "Securitisation and the bank lending channel," Working Paper Series 838, European Central Bank.
  • Handle: RePEc:ecb:ecbwps:2007838
    Note: 328790
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    More about this item

    Keywords

    asset securitisation; bank lending channel; monetary policy;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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