bank credit for SMEs, the consequences of Basel II on credit risk analysis and SMEs' possible strategic replies were …

credit market integration across jurisdictions impact the desirability of a currency union. We show that when those … impediments induce a higher cost for banks to manage cross-border credit compared to domestic credit, welfare may not be maximal …

With the Euro Area context in mind, we show that currency arrangements impact on credit available through default … incentives. To this end we build a symmetric two-country model with money and imperfect credit market integration. Differences in … credit market integration are captured by variations in the cost for banks to grant credit for cross-border purchases. We …

-only loans represent only a tiny proportion of production (0.3% in 2013); - Almost every home loan is covered by a mortgage or … lender’s lien, or by a guarantee issued by a credit institution or an insurance company; - The cost of risk on housing loans …

has been issued by a credit institution or an insurance company in most cases; - The average loan-to-value (LTV) ratio at …-site examinations in French credit institutions. The purpose was to assess banks’ strategies regarding housing finance, their … strong increase in property prices since 1998. Credit institutions thus must make sure that interest rates on housing loans …