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Restricción de crédito y probabilidad de no pago de los hogares uruguayos

María Landaberry ()

No 2018001, Documentos de trabajo from Banco Central del Uruguay

Abstract: 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
Date: 2018
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