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the easing of lending and borrowing constraints in mortgage credit markets for business cycle fluctuations in small open …-state levels. The importance of the demand channel in Peru is consistent with mortgage demand-boosting public programs enacted in …
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This paper examines the impact of bank consolidation on mortgage rates in order to evaluate the extent to which … mortgage markets are competitive. Mortgage markets are decentralized and so rates are determined through a search and … mortgage market is fairly competitive. However, a decomposition of the aggregate treatment effect reveals important …
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