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What does fractional reserve banking has to do with housing crisis of 2007-2008?

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What does fractional reserve banking has to do with housing crisis of 2007-2008?

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  1. Devaluing the dollar 60% .


  2. It has provided pressure on currency devaluation (depreciation/inflation), thus change in real income of borrowers and another factor is interbank borrowing rages - most credits were with variable rate - it is tied to interbank borrowing rates.
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