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behaviour of Italian mortgage lenders using a novel loan-level dataset. When policy rates turn negative, banks with higher …
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house price appreciation in mortgage markets. We find instruments targeting the cost of bank capital most effective in … euro area Bank Lending Survey to assess the effectiveness of macro-prudential policies in containing credit growth and … slowing down mortgage credit growth, and that the impact is transmitted mainly through price margins, the same banking channel …
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how the transmission depends on bank balance sheets, and how this changes once policy rates become negative. We review the …
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