IDEAS home Printed from https://ideas.repec.org/a/brf/journl/v11y2013i4p559-576.html
   My bibliography  Save this article

On the Linearly Increasing System of Amortization

Author

Listed:
  • Clovis Jose Daudt Lyra Darrigue de Faro

    (EPGE/FGV)

Abstract

Aiming to reach a compromise solution to the issues of default risk and the payment capacity of takers of housing loans, Jorge Oscar de Mello Flôres submited to the Banco Nacional de Habitação, which was then in charge of the Brazilian System of Housing Financing, what he named as the Linearly Increasing System of Amortization. (LISA). Following a critical analysis of the LISA, it is proposed the alternative named as the Generalyzed System of Mixed Amortization (GSMA).

Suggested Citation

  • Clovis Jose Daudt Lyra Darrigue de Faro, 2013. "On the Linearly Increasing System of Amortization," Brazilian Review of Finance, Brazilian Society of Finance, vol. 11(4), pages 559-576.
    • Handle: RePEc:brf:journl:v:11:y:2013:i:4:p:559-576
    as

    Download full text from publisher

    File URL: http://bibliotecadigital.fgv.br/ojs/index.php/rbfin/article/download/13832/17067
    Download Restriction: no
    File URL: http://bibliotecadigital.fgv.br/ojs/index.php/rbfin/article/view/13832
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Mathematics of Finance; Amortization Systems; Mortgage Financing;
    All these keywords.

    JEL classification:

    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:brf:journl:v:11:y:2013:i:4:p:559-576. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marcio Laurini (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.