An empirical characterization of mortgage default in Colombia between 1997 and 2004
This paper examines the relationship between mortgage default decisions and relevant observable variables under the light of a random utility model. The focus of the study is the Colombian mortgage market between 1997 and 2004 using two separate data sets that are matched using simulation techniques...
- Autores:
-
Carranza Romero, Juan Esteban
- Tipo de recurso:
- Article of investigation
- Fecha de publicación:
- 2007
- Institución:
- Universidad ICESI
- Repositorio:
- Repositorio ICESI
- Idioma:
- eng
- OAI Identifier:
- oai:repository.icesi.edu.co:10906/80373
- Acceso en línea:
- https://www.banrep.gov.co/es/contenidos/publicacion/empirical-characterization-mortgage-default-colombia-between-1997-and-2004
http://www.banrep.gov.co/sites/default/files/publicaciones/pdfs/borra450.pdf
http://hdl.handle.net/10906/80373
- Palabra clave:
- Banking
Location
Competition
Colombia
Economía
Negocios y management
Economics
Business
- Rights
- openAccess
- License
- https://creativecommons.org/licenses/by-nc-nd/4.0/
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Carranza Romero, Juan Estebanjuanes@ssc.wisc.edudestrada@banrep.gov.coBogotá de Lat: 04 15 00 N degrees minutes Lat: 4.2500 decimal degrees Long: 074 11 00 W degrees minutes Long: -74.1833 decimal degrees2016-09-29T22:50:51Z2016-09-29T22:50:51Z2007-01-0119001568https://www.banrep.gov.co/es/contenidos/publicacion/empirical-characterization-mortgage-default-colombia-between-1997-and-2004http://www.banrep.gov.co/sites/default/files/publicaciones/pdfs/borra450.pdfhttp://hdl.handle.net/10906/80373instname: Universidad Icesireponame: Biblioteca Digitalrepourl: https://repository.icesi.edu.co/This paper examines the relationship between mortgage default decisions and relevant observable variables under the light of a random utility model. The focus of the study is the Colombian mortgage market between 1997 and 2004 using two separate data sets that are matched using simulation techniques. The estimation allows the computation of mortgage default probabilities that are directly related to an underlying model of optimal default. Results are sharp and indicate that variation in current income has little effect on mortgage default, compared to housing prices and mortgage balances.41 páginasDigitalapplication/pdfengBanco de la RepúblicaFacultad de Ciencias Administrativas y EconómicasEconomíaDepartamento de EconomíaBogotáBorradores de economía, No. 450EL AUTOR, expresa que la obra objeto de la presente autorización es original y la elaboró sin quebrantar ni suplantar los derechos de autor de terceros, y de tal forma, la obra es de su exclusiva autoría y tiene la titularidad sobre éste. PARÁGRAFO: en caso de queja o acción por parte de un tercero referente a los derechos de autor sobre el artículo, folleto o libro en cuestión, EL AUTOR, asumirá la responsabilidad total, y saldrá en defensa de los derechos aquí autorizados; para todos los efectos, la Universidad Icesi actúa como un tercero de buena fe. Esta autorización, permite a la Universidad Icesi, de forma indefinida, para que en los términos establecidos en la Ley 23 de 1982, la Ley 44 de 1993, leyes y jurisprudencia vigente al respecto, haga publicación de este con fines educativos. Toda persona que consulte ya sea la biblioteca o en medio electrónico podrá copiar apartes del texto citando siempre la fuentes, es decir el título del trabajo y el autor.https://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccessAtribución-NoComercial-SinDerivadas 4.0 Internacional (CC BY-NC-ND 4.0)http://purl.org/coar/access_right/c_abf2BankingLocationCompetitionColombiaEconomíaNegocios y managementEconomicsBusinessAn empirical characterization of mortgage default in Colombia between 1997 and 2004info:eu-repo/semantics/articlehttp://purl.org/coar/resource_type/c_2df8fbb1Artículoinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/version/c_970fb48d4fbd8a85Comunidad Universidad Icesi – InvestigadoresORIGINALcarranza_empirical_characterization_207.pdfcarranza_empirical_characterization_207.pdfapplication/pdf499740http://repository.icesi.edu.co/biblioteca_digital/bitstream/10906/80373/1/carranza_empirical_characterization_207.pdf86f7395e0e984133531ad74d25ae1961MD5110906/80373oai:repository.icesi.edu.co:10906/803732018-10-22 14:33:33.511Biblioteca Digital - Universidad icesicdcriollo@icesi.edu.co |
| dc.title.spa.fl_str_mv |
An empirical characterization of mortgage default in Colombia between 1997 and 2004 |
| title |
An empirical characterization of mortgage default in Colombia between 1997 and 2004 |
| spellingShingle |
An empirical characterization of mortgage default in Colombia between 1997 and 2004 Banking Location Competition Colombia Economía Negocios y management Economics Business |
| title_short |
An empirical characterization of mortgage default in Colombia between 1997 and 2004 |
| title_full |
An empirical characterization of mortgage default in Colombia between 1997 and 2004 |
| title_fullStr |
An empirical characterization of mortgage default in Colombia between 1997 and 2004 |
| title_full_unstemmed |
An empirical characterization of mortgage default in Colombia between 1997 and 2004 |
| title_sort |
An empirical characterization of mortgage default in Colombia between 1997 and 2004 |
| dc.creator.fl_str_mv |
Carranza Romero, Juan Esteban |
| dc.contributor.author.spa.fl_str_mv |
Carranza Romero, Juan Esteban |
| dc.subject.none.fl_str_mv |
Banking Location Competition Colombia Economía Negocios y management Economics Business |
| topic |
Banking Location Competition Colombia Economía Negocios y management Economics Business |
| description |
This paper examines the relationship between mortgage default decisions and relevant observable variables under the light of a random utility model. The focus of the study is the Colombian mortgage market between 1997 and 2004 using two separate data sets that are matched using simulation techniques. The estimation allows the computation of mortgage default probabilities that are directly related to an underlying model of optimal default. Results are sharp and indicate that variation in current income has little effect on mortgage default, compared to housing prices and mortgage balances. |
| publishDate |
2007 |
| dc.date.issued.none.fl_str_mv |
2007-01-01 |
| dc.date.accessioned.none.fl_str_mv |
2016-09-29T22:50:51Z |
| dc.date.available.none.fl_str_mv |
2016-09-29T22:50:51Z |
| dc.type.none.fl_str_mv |
info:eu-repo/semantics/article |
| dc.type.coar.none.fl_str_mv |
http://purl.org/coar/resource_type/c_2df8fbb1 |
| dc.type.local.none.fl_str_mv |
Artículo |
| dc.type.version.none.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
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http://purl.org/coar/version/c_970fb48d4fbd8a85 |
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http://purl.org/coar/resource_type/c_2df8fbb1 |
| status_str |
publishedVersion |
| dc.identifier.issn.spa.fl_str_mv |
19001568 |
| dc.identifier.other.spa.fl_str_mv |
https://www.banrep.gov.co/es/contenidos/publicacion/empirical-characterization-mortgage-default-colombia-between-1997-and-2004 http://www.banrep.gov.co/sites/default/files/publicaciones/pdfs/borra450.pdf |
| dc.identifier.uri.none.fl_str_mv |
http://hdl.handle.net/10906/80373 |
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instname: Universidad Icesi |
| dc.identifier.reponame.none.fl_str_mv |
reponame: Biblioteca Digital |
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repourl: https://repository.icesi.edu.co/ |
| identifier_str_mv |
19001568 instname: Universidad Icesi reponame: Biblioteca Digital repourl: https://repository.icesi.edu.co/ |
| url |
https://www.banrep.gov.co/es/contenidos/publicacion/empirical-characterization-mortgage-default-colombia-between-1997-and-2004 http://www.banrep.gov.co/sites/default/files/publicaciones/pdfs/borra450.pdf http://hdl.handle.net/10906/80373 |
| dc.language.iso.spa.fl_str_mv |
eng |
| language |
eng |
| dc.relation.ispartof.none.fl_str_mv |
Borradores de economía, No. 450 |
| dc.rights.uri.none.fl_str_mv |
https://creativecommons.org/licenses/by-nc-nd/4.0/ |
| dc.rights.accessrights.none.fl_str_mv |
info:eu-repo/semantics/openAccess |
| dc.rights.license.none.fl_str_mv |
Atribución-NoComercial-SinDerivadas 4.0 Internacional (CC BY-NC-ND 4.0) |
| dc.rights.coar.none.fl_str_mv |
http://purl.org/coar/access_right/c_abf2 |
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https://creativecommons.org/licenses/by-nc-nd/4.0/ Atribución-NoComercial-SinDerivadas 4.0 Internacional (CC BY-NC-ND 4.0) http://purl.org/coar/access_right/c_abf2 |
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openAccess |
| dc.format.extent.none.fl_str_mv |
41 páginas |
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Digital |
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application/pdf |
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Bogotá de Lat: 04 15 00 N degrees minutes Lat: 4.2500 decimal degrees Long: 074 11 00 W degrees minutes Long: -74.1833 decimal degrees |
| dc.publisher.spa.fl_str_mv |
Banco de la República |
| dc.publisher.faculty.none.fl_str_mv |
Facultad de Ciencias Administrativas y Económicas |
| dc.publisher.program.none.fl_str_mv |
Economía |
| dc.publisher.department.none.fl_str_mv |
Departamento de Economía |
| dc.publisher.place.none.fl_str_mv |
Bogotá |
| institution |
Universidad ICESI |
| bitstream.url.fl_str_mv |
http://repository.icesi.edu.co/biblioteca_digital/bitstream/10906/80373/1/carranza_empirical_characterization_207.pdf |
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Biblioteca Digital - Universidad icesi |
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cdcriollo@icesi.edu.co |
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1808499115832639488 |