REGULATION, FORMAL AND INFORMAL ... - ResearchGate
REGULATION, FORMAL AND INFORMAL ... - ResearchGate
REGULATION, FORMAL AND INFORMAL ... - ResearchGate
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18<br />
16<br />
14<br />
12<br />
10<br />
8<br />
6<br />
4<br />
Figure 11. Interest rates on medium and long-term loans to households<br />
The figure shows the nominal interest rate, the real interest rate and the spread on medium and long-term loans to<br />
households. The spread is computed with respect to banks’ cost of medium and long-term funds. This measure is<br />
available on a comparable basis only since 1995.<br />
Nominal interest rate<br />
2<br />
Real interest rate<br />
Spread between long-term lending rate and bond rate<br />
0<br />
1986 1986 1987 1988 1989 1989 1990 1991 1992 1992 1993 1994 1995 1995 1996 1997 1998 1998 1999 2000 2001 2001 2002 2003<br />
Sources: Bank of Italy; ISTAT.
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