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Restricción de crédito y probabilidad de no pago de los hogares uruguayos

Author

Listed:
  • María Victoria Landaberry

    (Banco Central del Uruguay)

Abstract

This document identifies the households that face credit restrictions in Uruguay and analyzes the relationship that exists between the credit restriction of a household and its level of risk, measured as the unconditional probability of default of it non-mortgage debt. According to the results obtained, 76% of households report being in a situation of credit restriction. Additionally we find evidence that households with credit restrictions have, on average, a higher probability of not paying their nonmortgage debt than unrestricted households.

Suggested Citation

  • María Victoria Landaberry, 2018. "Restricción de crédito y probabilidad de no pago de los hogares uruguayos," Documentos de trabajo 2018001, Banco Central del Uruguay.
    • Handle: RePEc:bku:doctra:2018001
    as

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    File URL: https://www.bcu.gub.uy/Estadisticas-e-Indicadores/Documentos%20de%20Trabajo/1.2018.pdf
    File Function: First version, 2018
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    References listed on IDEAS

    as
    1. Julia Le Blanc & Alessandro Porpiglia & Federica Teppa & Junyi Zhu & Michael Ziegelmeyer, 2014. "Household saving behaviour and credit constraints in the euro area," BCL working papers 93, Central Bank of Luxembourg.
    2. Jaime Ruiz-Tagle & Francis Vella, 2010. "Borrowing Constraints and Credit Demand," Working Papers Central Bank of Chile 578, Central Bank of Chile.
    3. María Victoria Landaberry, 2017. "Factores determinantes de la probabilidad de no pago de deuda de los hogares uruguayos," Documentos de trabajo 2017011, Banco Central del Uruguay.
    4. Ke Chen & Miss Mali Chivakul, 2008. "What Drives Household Borrowing and Credit Constraints? Evidence from Bosnia and Herzegovina," IMF Working Papers 2008/202, International Monetary Fund.
    5. Rodrigo Alfaro & Natalia Gallardo & Roberto Stein, 2010. "The Determinants of Household Debt Defa," Working Papers Central Bank of Chile 574, Central Bank of Chile.
    6. Miguel Mello & Jorge Ponce, 2014. "The determinants Uruguayan households' indebtedness," Documentos de trabajo 2014010, Banco Central del Uruguay.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Financial survey; indebtedness; financial stability; Uruguay;
    All these keywords.

    JEL classification:

    • G19 - Financial Economics - - General Financial Markets - - - Other
    • G01 - Financial Economics - - General - - - Financial Crises

    Statistics

    Access and download statistics

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