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Off balance sheet credit exposure and asset securitisation: what impact on bank credit supply?

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Figure

Figure 1: The increase in credit derivative issuances in the US from 2000 to 2008
Figure 2. The growth rate of loans by US commercial banks from 2004 to 2010
Table 1. The Impact on the Growth Rate of Total Loans
Table 2. The Impact on the Growth Rate of Residential Mortgages and of Real Estate Loans
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