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The Impact of Regulation on Mortgage Risk: Evidence from India

John Campbell (), Tarun Ramadorai () and Benjamin Ranish

American Economic Journal: Economic Policy, 2015, vol. 7, issue 4, 71-102

Abstract: We employ loan-level data on over a million loans disbursed in India between 1995 and 2010 to understand how fast-changing regulation impacted mortgage lending and risk. Our paper uses changes in regulatory treatment discontinuities associated with loan size and leverage to detect regulation-induced loan delinquencies. We also find that an acceleration in the classification of assets as nonperforming resulted in substantially lower delinquency probabilities and losses given delinquency. (JEL D14, G21, G28, L51, O16, R31)

JEL-codes: D14 G21 G28 L51 O16 R31 (search for similar items in EconPapers)
Date: 2015
Note: DOI: 10.1257/pol.20130220
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Handle: RePEc:aea:aejpol:v:7:y:2015:i:4:p:71-102