How Do Regulators Influence Mortgage Risk? Evidence from an Emerging Market (IGC Working Paper)

From:
Department for International Development
Published
1 January 2012
Country:
India
Document Type:
Working Paper
Theme:
Economic Growth
Authors:
Campbell, J.Y., Ramadorai, T.

Abstract

This paper uses microeconomic data from India to explore the effects of rapidly changing regulation on mortgage lending and mortgage risk. We find evidence that regulation has important effects on rates and defaults. We also find evidence suggestive of learning by the mortgage provider in a turbulent regulatory environment.

Citation

Campbell, J.Y.; Ramadorai, T. How Do Regulators Influence Mortgage Risk? Evidence from an Emerging Market (IGC Working Paper). International Growth Centre (IGC), London, UK (2012) 32 pp.

Published 1 January 2012
Contents