Assessing mortgage default risk in full-recourse economies, with an application to the case of Chile

Assessing mortgage default risk in full-recourse economies, with an application to the case of Chile

This paper is aimed at finding individual and systemic determinants of housing default in a full-recourse economy. We propose an empirical strategy that accounts for rare events and choice-based sampling bias and estimates the contribution of idiosyncratic and systemic determinants, as well as their...

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Bibliographic Details
Main Authors: Diego Avanzini, Juan Francisco Martı́nez, Vı́ctor Pérez
Format: Article
Language:English
Published: Elsevier 2020-01-01
Series:Latin American Journal of Central Banking
Subjects:
C35
D53
E44
G21
Online Access:http://www.sciencedirect.com/science/article/pii/S2666143820300090

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