The Financial Dimension: Mortgage Instruments

Robert M. Buckley
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Robert M. Buckley: Urban Division, The World Bank

Chapter 6 in Housing Finance in Developing Countries, 1996, pp 73-88 from Palgrave Macmillan

Abstract: Abstract The failings of mortgage systems indexed to purchasing power in Argentina, Brazil, Chile, and Paraguay have made economists’ claims that mortgage indexation would be an effective way of making housing more affordable while simultaneously fighting inflation, appear naive.1 During the debt crisis two of these countries introduced policies of deindexation of prices. Chile closed down its mortgage lenders in the late 1970s, and Paraguay abandoned indexed mortgage finance in 1982.2

Keywords: Real Wage; Real Interest Rate; Housing Finance; Mortgage Payment; Wage Index (search for similar items in EconPapers)
Date: 1996
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DOI: 10.1057/9780230376601_6

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