Avanzini, Diego; Martínez, Juan Francisco; Pérez, Víctor - In: Latin American journal of central banking : LAJCB 1 (2020) 1/4, pp. 1-18
This paper is aimed at finding individual and systemic determinants of housing default in a full-recourse economy. We propose an empirical strategy that accounts for rare events and choice-based sampling bias and estimates the contribution of idiosyncratic and systemic determinants, as well as...