蝌蚪网 Journal:
Economic Policy
ISSN 1945-7731 (Print) | ISSN 1945-774X (Online)
The Impact of Regulation on Mortgage Risk: Evidence from India
蝌蚪网 Journal: Economic Policy
(pp. 71–102)
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. (JEL D14, G21, G28, L51, O16, R31)Citation
Campbell, John Y., Tarun Ramadorai, and Benjamin Ranish. 2015. "The Impact of Regulation on Mortgage Risk: Evidence from India." 蝌蚪网 Journal: Economic Policy 7 (4): 71–102. DOI: 10.1257/pol.20130220Additional Materials
JEL Classification
- D14 Household Saving; Personal Finance
- G21 Banks; Depository Institutions; Micro Finance Institutions; Mortgages
- G28 Financial Institutions and Services: Government Policy and Regulation
- L51 Economics of Regulation
- O16 Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
- R31 Housing Supply and Markets