An empirical characterization of mortgage default in Colombia between 1997 and 2004

Número: 
450
Publicado: 
Clasificación JEL: 
D4, G21, L13, R12
Palabras clave: 
Banking, Location, Competition, Colombia

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This paper examines the relationship between mortgage default decisions and relevant observable variables under the light of a random utility model. The focus of the study is the Colombian mortgage market between 1997 and 2004 using two separate data sets