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Ladrões de Bicicletas - The finance-housing nexus

In the recent Bank of Portugal Financial Stability Report (BdP), it is finally clear to the regulator the model on which the Portuguese economy is based and continues to be based: a model based on an intricate relationship between finance and real estate, which we described in a recent book .

If there is a recovery of the Portuguese economy and the financial system, there are also vulnerabilities and risks arising from the high indebtedness of companies and families, which remains at levels higher than those registered for the European Union as a whole, and which threatens the stability of the system financial.

Read more (in portuguese): The finance-housing nexus

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