Bank funding of residential mortgages in the EU

The development of bank funding before and during the crisis has highlighted its importance for financial intermediation and credit provision in an economy. Given its importance for banks and households, mortgage finance is of particular importance here, not least with an eye to financial stability issues. This paper provides an overview of banks’ funding of residential mortgages in Europe, taking a close look at the structure of funding instruments and their potential effects on financial stability.

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