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second article studies the effect of targeted longer-term refinancing operations on bank lending. The results suggest that … these targeted operations stimulated bank lending to firms. However, no evidence about a positive effect on lending to …
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value without centralized intermediaries. It relies heavily on peer-to-peer lending and borrowing, decentralized exchanges …
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More than a decade has now passed since rapidly declining house prices triggered a global financial crisis that developed into a global recession, the speed and depth of which were unprecedented in recent history. The overarching objective of this Ph.D. thesis is to improve our understanding of...
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