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Therefore reduces medium-title macroeconomic volatility by way of an even more secure credit have

Therefore reduces medium-title macroeconomic volatility by way of an even more secure credit have

Graph step 1

Sources: Panel a good: Giannoulakis, ainsi que al. (2022), “The potency of Borrower-Mainly based Macroprudential Formula: A corner-Country Perspective,” Functioning Paper, ECB, Frankfurt in the morning Chief, impending.Notes: Panel a: Average and you can interquartile range round the regions of your artificial aggregate home PDs when you look at the 19 Eu countries.

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