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Tightening lending standards.
Lending standards are tightening across the board.
Many banks have tightened lending standards.
Over time, this weakened lending standards.
Guarantees create moral hazard and foster poor lending standards.
Lending standards were relaxed and deposits were no longer required.
Banks are also improving their lending standards on their own.
Lending standards have tightened, but surely have further to go.
But tough lending standards are likely to limit the benefits.
(It notes that German banks are already tightening lending standards).
Banks have been gradually easing their lending standards.
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