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Securitization and the bank lending channel

Listed author(s):
  • Yener Altunbas
  • Leonardo Gambacorta
  • David Marques

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

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Paper provided by Federal Reserve Bank of Chicago in its series Proceedings with number 1101.

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Length: 421-443
Date of creation: 2008
Publication status: Published in Conference on Bank Structure and Competition (2008: 44th) ; Credit Market Turmoil: Causes, Consequences, and Causes
Handle: RePEc:fip:fedhpr:1101
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