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1. 1. Bubble, bubble, credit trouble? The effect of EU membership on household loan rates

   University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

   Author : Hanna Svenonius; Alice Hallman; [2013]
   Keywords : Household credit rates; Rate-setting behavior; Credit rate policy; Credit rate determinants; European Union;

   Abstract : This paper examines what effect EU accession - officially joining the EU as a full member - has on the new member state's market for household credit. Low lending rates have a positive effect on consumer welfare by increasing disposable income, but can also contribute to economic disaster (notably the recent subprime and sovereign-debt crises). READ MORE