Political Instability, Institutions and Mortgage Credit in Lima, Peru
This article analyzes the evolution of the mortgage credit market in Lima between 1835 and 1865. In particular, it explores the effects of political instability and institutional change on the allocation of mortgage credit. By relying on a sample of more than 1 400 notarized records, the article su...
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| Format: | Article |
| Language: | English |
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Insitituto de Investigaciones Dr. José María Luis Mora
2018-01-01
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| Series: | América Latina en la Historia Económica |
| Subjects: | |
| Online Access: | http://alhe.mora.edu.mx/index.php/ALHE/article/view/855 |
| _version_ | 1797825852026650624 |
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| author | Luis F. Zegarra |
| author_facet | Luis F. Zegarra |
| author_sort | Luis F. Zegarra |
| collection | DOAJ |
| description |
This article analyzes the evolution of the mortgage credit market in Lima between 1835 and 1865. In particular, it explores the effects of political instability and institutional change on the allocation of mortgage credit. By relying on a sample of more than 1 400 notarized records, the article suggests that political instability and institutional uncertainties led to the stagnation of credit markets in the 1830s and early 1840s. As Peru became more stable after 1845 and the risk of lending declined, the credit market expanded more rapidly and interest rates declined.
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| first_indexed | 2024-03-13T10:59:59Z |
| format | Article |
| id | doaj.art-f68d9ce6089941ba9ccaba9414f54b51 |
| institution | Directory Open Access Journal |
| issn | 1405-2253 2007-3496 |
| language | English |
| last_indexed | 2024-03-13T10:59:59Z |
| publishDate | 2018-01-01 |
| publisher | Insitituto de Investigaciones Dr. José María Luis Mora |
| record_format | Article |
| series | América Latina en la Historia Económica |
| spelling | doaj.art-f68d9ce6089941ba9ccaba9414f54b512023-05-16T20:53:01ZengInsitituto de Investigaciones Dr. José María Luis MoraAmérica Latina en la Historia Económica1405-22532007-34962018-01-0125110.18232/alhe.855Political Instability, Institutions and Mortgage Credit in Lima, PeruLuis F. Zegarra0Pontificia Universidad Católica del Perú This article analyzes the evolution of the mortgage credit market in Lima between 1835 and 1865. In particular, it explores the effects of political instability and institutional change on the allocation of mortgage credit. By relying on a sample of more than 1 400 notarized records, the article suggests that political instability and institutional uncertainties led to the stagnation of credit markets in the 1830s and early 1840s. As Peru became more stable after 1845 and the risk of lending declined, the credit market expanded more rapidly and interest rates declined. http://alhe.mora.edu.mx/index.php/ALHE/article/view/855Mortgage creditpolitical instabilitycredit institutions. |
| spellingShingle | Luis F. Zegarra Political Instability, Institutions and Mortgage Credit in Lima, Peru América Latina en la Historia Económica Mortgage credit political instability credit institutions. |
| title | Political Instability, Institutions and Mortgage Credit in Lima, Peru |
| title_full | Political Instability, Institutions and Mortgage Credit in Lima, Peru |
| title_fullStr | Political Instability, Institutions and Mortgage Credit in Lima, Peru |
| title_full_unstemmed | Political Instability, Institutions and Mortgage Credit in Lima, Peru |
| title_short | Political Instability, Institutions and Mortgage Credit in Lima, Peru |
| title_sort | political instability institutions and mortgage credit in lima peru |
| topic | Mortgage credit political instability credit institutions. |
| url | http://alhe.mora.edu.mx/index.php/ALHE/article/view/855 |
| work_keys_str_mv | AT luisfzegarra politicalinstabilityinstitutionsandmortgagecreditinlimaperu |