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.
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
|Date Deposited:||18 Feb 2015 13:43|
|Last Modified:||04 Apr 2016 10:47|
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