The Impact of Regulation on Mortgage Risk: Evidence from India

Tarun Ramadorai, Benjamin Ranish and John Campbell

Scholarly Articles from Harvard University Department of Economics

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.

Date: 2015
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Citations: View citations in EconPapers (22)

Published in American Economic Journal: Economic Policy

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Journal Article: The Impact of Regulation on Mortgage Risk: Evidence from India (2015)
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