This paper reviews empirical evidence on the impact of creditor rights regulations on credit market breadth and the credit cycle. It confirms results that were questioned regarding the impact of creditor rights regulations on the size of credit markets, and shows that the degree to which...

This paper presents the experiences of the housing finance market in Chile. It was first presented at a regional conference on the development of mortgage securitization held at the Inter-American Development Bank. The paper focuses on the evolution of housing finance in Chile, including the...

Government intervention in the construction sector as a way to boost the economy has been a constant in Colombia for the past 90 years. This paper explicitly tests the impact of the most recent of such interventions: a subsidy to the mortgage interest rate. The results show that the subsidy...

This paper presents the experiences of the housing finance market in Chile. It was first presented at a regional conference on the development of mortgage securitization held at the Inter-American Development Bank. The paper focuses on the evolution of housing finance in Chile, including the...