Working Papers

Housing Finance in Brazil: Institutional Improvements and Recent Developments

AUTHOR(s): Lundberg, Eduardo , Martins, Bruno , Takeda, Tony
PUBLISHED: September 2011
RELATED TOPICS: Microeconomics


This paper investigates the recent evolution of the housing market in Brazil, focusing on whether the current expansion in mortgage lending reflects institutional and economic improvements favoring economic stability and compliance with contractual obligations or merely the higher level of housing loans imposed by the government on financial institutions. Different explanations are found for private and public institutions.

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