Restricción de crédito y probabilidad de no pago de los hogares uruguayos
María Landaberry ()
No 2018001, Documentos de trabajo from Banco Central del Uruguay
This document identifies the households that face credit restrictions in Uruguay and analyzes the relationship that exists between the credit restriction of a household and its level of risk, measured as the unconditional probability of default of it non-mortgage debt. According to the results obtained, 76% of households report being in a situation of credit restriction. Additionally we find evidence that households with credit restrictions have, on average, a higher probability of not paying their nonmortgage debt than unrestricted households.
Keywords: Financial survey; indebtedness; financial stability; Uruguay; Encuesta financiera; endeudamiento; estabilidad financiera; Uruguay (search for similar items in EconPapers)
JEL-codes: G01 G19 (search for similar items in EconPapers)
Pages: 21 pages
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Persistent link: https://EconPapers.repec.org/RePEc:bku:doctra:2018001
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