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The determinants Uruguayan households' indebtedness

Author

Listed:
  • Miguel Mello

    (Banco Central del Uruguay)

  • Jorge Ponce

    (Banco Central del Uruguay)

Abstract

We study the determinants of households’ indebtedness using a new dataset on the financial situation of households in Uruguay. We find that variables that are related to the access to financial services have a large impact on the households’ indebtedness decision. This result may be used to evaluate the potential impact of a recently enacted legislation imposing the formalization of the payment of wages through bank accounts. We also find that the households’ indebtedness level is positively correlated to the fact that the loan is granted by a bank. The level of the financial burden is positively correlated to the facts that the loan is granted by a bank, that it is a mortgage loan and that it is denominated in local currency

Suggested Citation

  • Miguel Mello & Jorge Ponce, 2014. "The determinants Uruguayan households' indebtedness," Documentos de trabajo 2014010, Banco Central del Uruguay.
    • Handle: RePEc:bku:doctra:2014010
    as

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    File URL: https://www.bcu.gub.uy/Estadisticas-e-Indicadores/Documentos%20de%20Trabajo/10.2014.pdf
    File Function: First version, 2014
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    Citations

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    Cited by:

    1. María Victoria Landaberry, 2018. "Determinants of Households’ Default Probability in Uruguay," Investigación Conjunta-Joint Research, in: María José Roa García & Diana Mejía (ed.), Financial Decisions of Households and Financial Inclusion: Evidence for Latin America and the Caribbean, edition 1, volume 1, chapter 14, pages 463-506, Centro de Estudios Monetarios Latinoamericanos, CEMLA.
    2. Fernando Borraz & Nicolas Gonzalez Pampillon, 2015. "Financial Risk of Uruguayan Households," Revista de Analisis Economico – Economic Analysis Review, Universidad Alberto Hurtado/School of Economics and Business, vol. 30(2), pages 19-43, October.
    3. María Victoria Landaberry, 2018. "Restricción de crédito y probabilidad de no pago de los hogares uruguayos," Documentos de trabajo 2018001, Banco Central del Uruguay.
    4. María Victoria Landaberry, 2018. "Sensibilidad de la deuda de los hogares uruguayos ante un choque en el ingreso," Documentos de trabajo 2018002, Banco Central del Uruguay.
    5. María José Roa García & Diana Mejía (ed.), 2018. "Financial Decisions of Households and Financial Inclusion: Evidence for Latin America and the Caribbean," Investigación Conjunta-Joint Research, Centro de Estudios Monetarios Latinoamericanos, CEMLA, edition 1, volume 1, number 7en, December.
    6. María Victoria Landaberry, 2018. "Factores determinantes de la probabilidad de no pago de deudas de los hogares uruguayos," Investigación Conjunta-Joint Research, in: María José Roa García & Diana Mejía (ed.), Decisiones financieras de los hogares e inclusión financiera: evidencia para América Latina y el Caribe, edition 1, volume 1, chapter 14, pages 483-528, Centro de Estudios Monetarios Latinoamericanos, CEMLA.

    More about this item

    Keywords

    indebtedness decision; indebtedness level determinants; Uruguay; household’s level data;
    All these keywords.

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions

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