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Mortgage banks and export agriculture in Peru, 1840-1880

Author

Listed:
  • Luis Felipe Zegarra

    (Pontificia Universidad Católica del Perú)

Abstract

This article explores the impact of mortgage credit on Peru’s agricultural sector between 1840 and 1880. Prior to the creation of mortgage banks, landowners had access to mortgage credit. However, with the creation of mortgage banks in 1866, landowners could get better loan conditions in terms of quantity and maturity dates. In addition, total mortgage credit increased substantially as a result of the creation of mortgage banks. However, the credit boom only lasted a few years. Our work will try to explain the reasons for the decline.

Suggested Citation

  • Luis Felipe Zegarra, 2015. "Mortgage banks and export agriculture in Peru, 1840-1880," Historia Agraria. Revista de Agricultura e Historia Rural, Sociedad Española de Historia Agraria, issue 65, pages 121-147, april.
    • Handle: RePEc:seh:journl:y:2015:i:65:m:april:p:121-147
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    More about this item

    Keywords

    mortgage credit; agriculture; agricultural exports; Latin America; Peru;
    All these keywords.

    JEL classification:

    • N20 - Economic History - - Financial Markets and Institutions - - - General, International, or Comparative
    • N26 - Economic History - - Financial Markets and Institutions - - - Latin America; Caribbean
    • N56 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - Latin America; Caribbean
    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade

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