Una nota sobre la relevancia del sistema de amortización en el mercado hipotecario español entre 1998 y 2008

A note of the importance of depreciation systems in the Spanish mortgage market between 1998 and 2008

Daniel Fuentes Castro

MPRA Paper from University Library of Munich, Germany

Abstract: No one can ignore the importance of financial innovation in mortgage markets. A relevant issue is the choice of the amortization system. This article shows how the French amortization system has reduced the price of loans in the short term whereas price of loans has become more expensive in the long run (more profitable for banks). With a system of constant amortization, home buyers for residential purposes would have stood for a significantly lower financial cost. In addition, the fee structure for the constant depreciation system would have had the effect to contain to some extent the entry into the mortgage market, helping to curb speculation and preventing the grant of a portion of subprime mortgages.

Keywords: Amortización francesa; Amortización lineal; Vivienda; Crisis subprime (search for similar items in EconPapers)
JEL-codes: R21 R31 (search for similar items in EconPapers)
Date: 2010-03
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/51613/1/MPRA_paper_51613.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:51613

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().