•  A potential misallocation of credit is, however, not confined to countries with weak growth performance. Small and mid-sized firms with negative returns on asset and net investment increased their leverage in the period from 2010 to 2014. These patterns are observable, both in stressed economies (such as Greece, Ireland, Portugal, Slovenia, and Spain) and in non-stressed economies (such as Germany and France).
•  22  Since 2014, the Nederlandsche Bank has been collecting loan level data on mortgages which provide important information for the analysis of risks building up on mortgage markets. 23  These detailed data contain information on the individual  mortgage lenders portfolio at quarterly frequency.