Consumer credit performance over the business cycle in Colombia: some empirical facts
Luis E. Arango and
Lina Cardona-Sosa
Authors registered in the RePEc Author Service: Luis Eduardo Arango Thomas
No 12389, Borradores de Economia from Banco de la Republica
Abstract:
This paper studies the behavior of the survival function of accruing loans during the slowdown experienced by the Colombian economy between January-2008 and March-2009 as documented by Alfonso et al. (2013). We use a dataset with information of different vintage loans between July-2007 and March-2014 from a private credit union that operates in Medell�n, the second largest city in Colombia, and its metropolitan area. The analysis suggests that the survival function of accruing loans reduces before and during the slowdown event: if the probability of survival at month ten of a consumer credit vintage is below the 97.5% and below 95% at month fifteen, the probability of a future slowdown is not negligible.
Keywords: accruing loans; nonperforming loans; survival function; economic slowdown (search for similar items in EconPapers)
JEL-codes: C41 E32 E44 G21 (search for similar items in EconPapers)
Pages: 18
Date: 2015-01-14
New Economics Papers: this item is included in nep-lam and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)
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http://www.banrep.gov.co/sites/default/files/publicaciones/archivos/be_861.pdf
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Working Paper: Consumer credit performance over the business cycle in Colombia: some empirical facts (2015) 
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Persistent link: https://EconPapers.repec.org/RePEc:col:000094:012389
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