Crédito ao consumidor: uma avaliação dos primeiros anos do Plano Real [The effect of the "Plano Real" on consumer credit: an evaluation of the initial years]

Maria Beatriz Zerbini and Fabiana Rocha
Additional contact information
Maria Beatriz Zerbini: MFS Investment Management

Nova Economia, 2004, vol. 14, issue 2, 87-107

Abstract: The purpose of this paper is to examine effects of Brazilian "Plano Real" on credit during the initial years of implementation, and the profile of the borrower during this period. After the adoption of the Plano Real, there was an increase in the duration of contracts, from a maximum of 3 months in January 1995 to 36 months in August 1996. Personal characteristics of the borrower were less important than the characteristics of the credit. Thus the value and the number of installments were the main determinants of the probability of default just after the adoption of the Real.

Keywords: consumer credit; qualitative choice models; Real Plan (search for similar items in EconPapers)
JEL-codes: C25 E5 (search for similar items in EconPapers)
Date: 2004
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.face.ufmg.br/novaeconomia/sumarios/v14n2/140204.pdf (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:nov:artigo:v:14:y:2004:i:2:p:87-107

Ordering information: This journal article can be ordered from
Av. Antonio Carlos, 6627 - Predio da FACE Belo Horizonte, 31270-901 Brazil
https://revistas.fac ... dex.php/novaeconomia

Access Statistics for this article

Nova Economia is currently edited by Gustavo de Britto Rocha

More articles in Nova Economia from Economics Department, Universidade Federal de Minas Gerais (Brazil) Av. Antonio Carlos, 6627 - Predio da FACE Belo Horizonte, 31270-901 Brazil. Contact information at EDIRC.
Bibliographic data for series maintained by Lucas Resende de Carvalho ().