How can the risk from the mismatch between inflation rates in mortgage and labor markets be mitigated?
| dc.citation.epage | 66 | |
| dc.citation.issue | 45 | |
| dc.citation.journalAbbreviatedTitle | ecos.econ. | eng |
| dc.citation.journalTitle | Ecos de Economía: A Latin American Journal of Applied Economics | eng |
| dc.citation.spage | 39 | |
| dc.citation.volume | 21 | |
| dc.contributor.affiliation | Universidad de Buenos Aires | spa |
| dc.contributor.affiliation | Universidad Torcuato di Tella | spa |
| dc.contributor.author | Grandes, Martin | spa |
| dc.contributor.author | Galinsky, Damián | spa |
| dc.date | 2017-12-13 | |
| dc.date.accessioned | 2018-11-09T18:17:56Z | |
| dc.date.available | 2018-11-09T18:17:56Z | |
| dc.date.issued | 2017-12-13 | |
| dc.description | This paper proposes a financial instrument to mitigate the risk of a mismatch between inflation and wage variations that would affect the repayment of inflation-indexed mortgages in relatively high inflation economies, where housing finance is at an incipient phase of its development. In particular, using the Argentine experience in 2016-2017, and the empirical evidence of the two preceding decades, three Swap/insurance options are proposed and simulated that would allow the debtors to limit their exposure to inflation. | eng |
| dc.description | Este trabajo propone el diseño de un instrumento financiero para mitigar el riesgo de descalce entre la inflación de precios y las variaciones de salarios cuando las deudas hipotecarias asumidas por agentes económicos cuyo ingreso es un salario están indexadas a dicha inflación y el mercado de crédito para vivienda se encuentra en una fase incipiente de su desarrollo. En particular, utilizando la experiencia argentina 2016-2017 y la evidencia empírica de las dos décadas precedentes, se plantean tres alternativas de un seguro/swap que permitiría a los deudores limitar su exposición a la inflación. | spa |
| dc.format | application/pdf | |
| dc.identifier.doi | 10.17230/ecos.2017.45.3 | |
| dc.identifier.issn | 2462-8107 | |
| dc.identifier.issn | 1657-4206 | |
| dc.identifier.uri | http://hdl.handle.net/10784/13118 | |
| dc.language.iso | spa | spa |
| dc.publisher | Universidad EAFIT | spa |
| dc.relation.isversionof | http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/4881 | |
| dc.relation.uri | http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/4881 | |
| dc.rights | Copyright (c) 2017 Martin Grandes, Damián Galinsky | eng |
| dc.rights.accessrights | info:eu-repo/semantics/openAccess | eng |
| dc.rights.local | Acceso abierto | spa |
| dc.source | instname:Universidad EAFIT | |
| dc.source | reponame:Repositorio Institucional Universidad EAFIT | |
| dc.source | Ecos de Economía: A Latin American Journal of Applied Economics; Vol 21, No 45 (2017) | eng |
| dc.source | Ecos de Economía: A Latin American Journal of Applied Economics; Vol 21, No 45 (2017) | spa |
| dc.subject | G01 | |
| dc.subject | G21 | |
| dc.subject | R31 | |
| dc.subject.keyword | Credit | eng |
| dc.subject.keyword | Mortgages | eng |
| dc.subject.keyword | Inflation | eng |
| dc.subject.keyword | Insurance | eng |
| dc.subject.keyword | Swap | eng |
| dc.subject.keyword | Crédito | spa |
| dc.subject.keyword | Hipotecas | spa |
| dc.subject.keyword | Inflación | spa |
| dc.subject.keyword | Seguro | spa |
| dc.subject.keyword | Swap | spa |
| dc.title | How can the risk from the mismatch between inflation rates in mortgage and labor markets be mitigated? | eng |
| dc.title | ¿Cómo se puede manejar el riesgo asociado con diferencias en tasas de inflación en los mercados de hipotecas y trabajo? | spa |
| dc.type | info:eu-repo/semantics/article | eng |
| dc.type | info:eu-repo/semantics/publishedVersion | eng |
| dc.type | article | eng |
| dc.type | publishedVersion | eng |
| dc.type.local | Artículo | spa |