How can the risk from the mismatch between inflation rates in mortgage and labor markets be mitigated?
This paper proposes a financial instrument to mitigate the risk of a mismatch between inflation and wage variations that would affect the repayment of inflation-indexed mortgages in relatively high inflation economies, where housing finance is at an incipient phase of its development. In particular,...
- Autores:
-
Grandes, Martin
Galinsky, Damián
- Tipo de recurso:
- Fecha de publicación:
- 2017
- Institución:
- Universidad EAFIT
- Repositorio:
- Repositorio EAFIT
- Idioma:
- spa
- OAI Identifier:
- oai:repository.eafit.edu.co:10784/13118
- Acceso en línea:
- http://hdl.handle.net/10784/13118
- Palabra clave:
- G01
G21
R31
Credit
Mortgages
Inflation
Insurance
Swap
Crédito
Hipotecas
Inflación
Seguro
Swap
- Rights
- License
- Copyright (c) 2017 Martin Grandes, Damián Galinsky
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2017-12-132018-11-09T18:17:56Z2017-12-132018-11-09T18:17:56Z2462-81071657-4206http://hdl.handle.net/10784/1311810.17230/ecos.2017.45.3This paper proposes a financial instrument to mitigate the risk of a mismatch between inflation and wage variations that would affect the repayment of inflation-indexed mortgages in relatively high inflation economies, where housing finance is at an incipient phase of its development. In particular, using the Argentine experience in 2016-2017, and the empirical evidence of the two preceding decades, three Swap/insurance options are proposed and simulated that would allow the debtors to limit their exposure to inflation.Este trabajo propone el diseño de un instrumento financiero para mitigar el riesgo de descalce entre la inflación de precios y las variaciones de salarios cuando las deudas hipotecarias asumidas por agentes económicos cuyo ingreso es un salario están indexadas a dicha inflación y el mercado de crédito para vivienda se encuentra en una fase incipiente de su desarrollo. En particular, utilizando la experiencia argentina 2016-2017 y la evidencia empírica de las dos décadas precedentes, se plantean tres alternativas de un seguro/swap que permitiría a los deudores limitar su exposición a la inflación.application/pdfspaUniversidad EAFIThttp://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/4881http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/4881Copyright (c) 2017 Martin Grandes, Damián GalinskyAcceso abiertohttp://purl.org/coar/access_right/c_abf2instname:Universidad EAFITreponame:Repositorio Institucional Universidad EAFITEcos de Economía: A Latin American Journal of Applied Economics; Vol 21, No 45 (2017)Ecos de Economía: A Latin American Journal of Applied Economics; Vol 21, No 45 (2017)G01G21R31CreditMortgagesInflationInsuranceSwapCréditoHipotecasInflaciónSeguroSwapHow can the risk from the mismatch between inflation rates in mortgage and labor markets be mitigated?¿Cómo se puede manejar el riesgo asociado con diferencias en tasas de inflación en los mercados de hipotecas y trabajo?info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionarticlepublishedVersionArtículohttp://purl.org/coar/version/c_970fb48d4fbd8a85http://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_2df8fbb1Grandes, Martind1d544b7-5752-49f6-833a-6a808db9f614-1Galinsky, Damiánf6b6c444-ae28-4e34-8400-a86428e7a8ef-1Universidad de Buenos AiresUniversidad Torcuato di TellaEcos de Economía: A Latin American Journal of Applied Economics21453966ecos.econ.ORIGINALdocument (57).pdfdocument (57).pdfTexto completo PDFapplication/pdf799207https://repository.eafit.edu.co/bitstreams/bb398115-6d23-407a-a639-7a90d55a25e8/download8312eaf2941305107d44ae098b1377fbMD51articulo.htmlarticulo.htmlTexto completo HTMLtext/html377https://repository.eafit.edu.co/bitstreams/29ba872f-bb19-494d-a808-589a1b0e9dad/download27bf88fc439551a1fde1714463fdd896MD53THUMBNAILminaitura-ecos_Mesa de trabajo 1.jpgminaitura-ecos_Mesa de trabajo 1.jpgimage/jpeg251248https://repository.eafit.edu.co/bitstreams/bf818c88-649c-4f50-bdab-0154de32eac8/download9b15d674b076c1793a0bc25cebb1bcefMD5210784/13118oai:repository.eafit.edu.co:10784/131182024-12-04 11:47:57.94open.accesshttps://repository.eafit.edu.coRepositorio Institucional Universidad EAFITrepositorio@eafit.edu.co |
| dc.title.eng.fl_str_mv |
How can the risk from the mismatch between inflation rates in mortgage and labor markets be mitigated? |
| dc.title.spa.fl_str_mv |
¿Cómo se puede manejar el riesgo asociado con diferencias en tasas de inflación en los mercados de hipotecas y trabajo? |
| title |
How can the risk from the mismatch between inflation rates in mortgage and labor markets be mitigated? |
| spellingShingle |
How can the risk from the mismatch between inflation rates in mortgage and labor markets be mitigated? G01 G21 R31 Credit Mortgages Inflation Insurance Swap Crédito Hipotecas Inflación Seguro Swap |
| title_short |
How can the risk from the mismatch between inflation rates in mortgage and labor markets be mitigated? |
| title_full |
How can the risk from the mismatch between inflation rates in mortgage and labor markets be mitigated? |
| title_fullStr |
How can the risk from the mismatch between inflation rates in mortgage and labor markets be mitigated? |
| title_full_unstemmed |
How can the risk from the mismatch between inflation rates in mortgage and labor markets be mitigated? |
| title_sort |
How can the risk from the mismatch between inflation rates in mortgage and labor markets be mitigated? |
| dc.creator.fl_str_mv |
Grandes, Martin Galinsky, Damián |
| dc.contributor.author.spa.fl_str_mv |
Grandes, Martin Galinsky, Damián |
| dc.contributor.affiliation.spa.fl_str_mv |
Universidad de Buenos Aires Universidad Torcuato di Tella |
| dc.subject.none.fl_str_mv |
G01 G21 R31 |
| topic |
G01 G21 R31 Credit Mortgages Inflation Insurance Swap Crédito Hipotecas Inflación Seguro Swap |
| dc.subject.keyword.eng.fl_str_mv |
Credit Mortgages Inflation Insurance Swap |
| dc.subject.keyword.spa.fl_str_mv |
Crédito Hipotecas Inflación Seguro Swap |
| description |
This paper proposes a financial instrument to mitigate the risk of a mismatch between inflation and wage variations that would affect the repayment of inflation-indexed mortgages in relatively high inflation economies, where housing finance is at an incipient phase of its development. In particular, using the Argentine experience in 2016-2017, and the empirical evidence of the two preceding decades, three Swap/insurance options are proposed and simulated that would allow the debtors to limit their exposure to inflation. |
| publishDate |
2017 |
| dc.date.issued.none.fl_str_mv |
2017-12-13 |
| dc.date.available.none.fl_str_mv |
2018-11-09T18:17:56Z |
| dc.date.accessioned.none.fl_str_mv |
2018-11-09T18:17:56Z |
| dc.date.none.fl_str_mv |
2017-12-13 |
| dc.type.eng.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion article publishedVersion |
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http://purl.org/coar/version/c_970fb48d4fbd8a85 |
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http://purl.org/coar/resource_type/c_6501 http://purl.org/coar/resource_type/c_2df8fbb1 |
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Artículo |
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publishedVersion |
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2462-8107 1657-4206 |
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http://hdl.handle.net/10784/13118 |
| dc.identifier.doi.none.fl_str_mv |
10.17230/ecos.2017.45.3 |
| identifier_str_mv |
2462-8107 1657-4206 10.17230/ecos.2017.45.3 |
| url |
http://hdl.handle.net/10784/13118 |
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spa |
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spa |
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http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/4881 |
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http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/4881 |
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Copyright (c) 2017 Martin Grandes, Damián Galinsky |
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http://purl.org/coar/access_right/c_abf2 |
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Acceso abierto |
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Copyright (c) 2017 Martin Grandes, Damián Galinsky Acceso abierto http://purl.org/coar/access_right/c_abf2 |
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application/pdf |
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Universidad EAFIT |
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instname:Universidad EAFIT reponame:Repositorio Institucional Universidad EAFIT |
| dc.source.eng.fl_str_mv |
Ecos de Economía: A Latin American Journal of Applied Economics; Vol 21, No 45 (2017) |
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Ecos de Economía: A Latin American Journal of Applied Economics; Vol 21, No 45 (2017) |
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