Análisis del endeudamiento de los hogares colombianos
Copyright policy )Análisis del endeudamiento de los hogares colombianos
This paper analyzes the key drivers of Colombian household’s indebtedness during the past 14 years, using Financial Accounts provided by the Central Bank (Banco de la República) and a random sample of individuals Tax Income Statements reported to the Tax Office (DIAN) between 1993 and 2004. Based on a simple choice model, the results suggest that collateral and carried debt are the main drivers of indebtedness, in consequence policy should be household equity and interest rate oriented in order to avoid a massive default crisis such as the one ocurred in 1999.
- National University of Colombia Colombia
racionamiento de crédito, modelos de datos panel dinámicos, dynamic data panel models, household balance sheet, endeudamiento, balance de los hogares, credit rationing, indebtedness
racionamiento de crédito, modelos de datos panel dinámicos, dynamic data panel models, household balance sheet, endeudamiento, balance de los hogares, credit rationing, indebtedness
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