If such financial intermediaries operating in the developing countries are owned or controlled by foreign entities / investors, there is perhaps greater tendency to volatility in the flows.
Over the last decade, Danish mortgages became increasingly reliant on long-term loans with a maturity up to 30 years, financed by the issuing of short term bonds, down to a maturity of 12 months. Borrowing costs are consistently passed through directly to borrowers – so called “match-funding”.