Political Instability, Institutions and Mortgage Credit in Lima, Peru
Copyright policy )Political Instability, Institutions and Mortgage Credit in Lima, Peru
This article analyzes the evolution of the mortgage credit market in Lima between 1835 and 1865. In particular, it explores the effects of political instability and institutional change on the allocation of mortgage credit. By relying on a sample of more than 1 400 notarized records, the article suggests that political instability and institutional uncertainties led to the stagnation of credit markets in the 1830s and early 1840s. As Peru became more stable after 1845 and the risk of lending declined, the credit market expanded more rapidly and interest rates declined.
Mortgage credit, Regional economics. Space in economics, HT388, political instability, Latin America. Spanish America, F1201-3799, credit institutions.
Mortgage credit, Regional economics. Space in economics, HT388, political instability, Latin America. Spanish America, F1201-3799, credit institutions.
selected citations These citations are derived from selected sources.This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).1 popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.Average influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).Average impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.Average
Citations provided by BIP!Popularity provided by BIP!