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Features of restructuring mortgage loans nominated in foreign currency

Author

Listed:
  • A. A. Tsyganov

    (Russian Academy of Science
    Financial University under the Government of the Russian Federation)

  • A. D. Yazykov

    (Committee of the Association of Russian Banks on Mortgage Lending)

Abstract

The article examines the experience of restructuring mortgage loans denominated in foreign currency in 2008–2010 when many borrowers faced difficulties in servicing their loan obligations, and the lack of a culture of working with a problem debt and practical experience in overcoming temporary complex life situations formed hotbeds of acute social conflicts in separate regions.

Suggested Citation

  • A. A. Tsyganov & A. D. Yazykov, 2017. "Features of restructuring mortgage loans nominated in foreign currency," Studies on Russian Economic Development, Springer, vol. 28(6), pages 658-662, November.
    • Handle: RePEc:spr:sorede:v:28:y:2017:i:6:d:10.1134_s1075700717060132
    DOI: 10.1134/S1075700717060132
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    References listed on IDEAS

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    1. Davidson, Andrew & Levin, Alexander, 2014. "Mortgage Valuation Models: Embedded Options, Risk, and Uncertainty," OUP Catalogue, Oxford University Press, number 9780199998166.
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