贷款价值上限对巴西抵押贷款的影响

Q4 Economics, Econometrics and Finance

Economia Aplicada Pub Date : 2020-09-01 DOI:10.11606/1980-5330/EA153614

Nadiejda Deane Sá, A. Zoghbi, Rafael Terra de Menezes

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引用次数: 0

摘要

本研究旨在评估2013年9月BCB第4271号决议实施的贷款价值上限对抵押贷款市场的影响。基于公共汇总数据，我们使用旨在估计真正因果关系的影响评估技术，评估了监管变化对贷款价值比和投资组合质量的影响。结果表明，干预并没有减少抵押贷款总额。中断的时间序列和差异中的差异估计在统计上对投资组合的质量有显著影响，这是由评级较差的信贷比例衡量的。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Impacts of loan-to-value ceilings in the Brazilian mortgage loans

This study aims to assess the impact of loan-to-value ceiling applied by Resolution BCB No. 4,271 on the mortgage market in September 2013. Based on public aggregated data, we assessed the effect of the regulatory change on the loan-to-value and on quality of the portfolio using impact evaluation techniques that aim to estimate true causal effects. Results suggest the intervention did not reduce total mortgage loans. Interrupted time series and differences-in-differences estimates show statistically significant effects on the quality of the portfolio measured by the proportion of poorly rated credits.

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来源期刊

Economia Aplicada Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)

CiteScore

0.30

自引率

0.00%

发文量

审稿时长

100 weeks

期刊介绍： The journal Economia Aplicada (Brazilian Journal of Applied Economics) is a quarterly publication of the Dept. of Economics of the Faculty of Economics, Business and Accounting of the University of São Paulo at Ribeirão Preto (FEA-RP/USP). It was first published in 1997 by the Dept. of Economics of FEA-USP and by FIPE, with the primary concern of filling an editorial gap in Brazil. The Journal"s interest is to publish solely scientific papers on applied economics. Nowadays it has the same goal. Its focus is to publish papers with economic analysis applied to specific problems of interest either to public or private sector, especially with quantitative results bringing theory and reality closer.