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paper we study the effect of this developmenton the demand for second mortgages and on the savings of Dutch households. We …) the savings of renters that may be considered as would-beowners. We find a significant effect of home equity on the demand …!reased demand for mortgage loans is caused by substitution from other forms of consumercredit. Contrary to results reported in the …
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The combination of credit constraints and indivisible consumption goods may induce some risk-averse individuals to …
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