The impact of regulation on mortgage risk: Evidence from India

Ramadorai, Tarun, Campbell, John and Ranish, Ben (2015) The impact of regulation on mortgage risk: Evidence from India. American Economic Journal: Economic Policy, 7 (4). pp. 71-102.

Abstract

We employ loan-level data on over a million loans disbursed in India between 1995 and 2010 to understand how fast-changing regulation impacted mortgage lending and risk. Our paper uses changes in regulatory treatment discontinuities associated with loan size and leverage to detect regulation-induced loan delinquencies. We also find that an acceleration in the classification of assets as non-performing resulted in substantially lower delinquency probabilities and losses given delinquency

Item Type: Article
Date Deposited: 18 Feb 2015 13:43
Last Modified: 04 Apr 2016 10:47
Funders: not applicable
URI: http://eureka.sbs.ox.ac.uk/id/eprint/5245

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