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Housing Finance in Chile: Instruments, Actors, and Policies

Author

Listed:
  • Micco, Alejandro
  • Parrado, Eric
  • Piedrabuena, Bernardita
  • Rebucci, Alessandro

Abstract

The Chilean system of housing finance is a mixture of public and private elements that has arguably been very successful. This paper provides an up-to-date review of the main instruments, actors, and government policies of the Chilean system of housing finance. It concludes that, while the system is indeed functioning well, the increasingly important role of BancoEstado warrants further analysis of the role of public banks in a modern, fully developed housing finance system.

Suggested Citation

  • Micco, Alejandro & Parrado, Eric & Piedrabuena, Bernardita & Rebucci, Alessandro, 2012. "Housing Finance in Chile: Instruments, Actors, and Policies," IDB Publications (Working Papers) 3965, Inter-American Development Bank.
    • Handle: RePEc:idb:brikps:3965
    DOI: http://dx.doi.org/10.18235/0011380
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    References listed on IDEAS

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    1. Eric Parrado H. / & Paulo Cox P. & Marcelo Fuenzalida C., 2009. "Evolution of Housing Prices in Chile," Journal Econom a Chilena (The Chilean Economy), Central Bank of Chile, vol. 12(1), pages 51-68, April.
    2. José Miguel Matus & Nancy Silva & Alejandra Marinovic & Karla Flores, 2010. "Una Visión Global de la Deuda Financiera de los Hogares Chilenos en la Última Década," Economic Statistics Series 81, Central Bank of Chile.
    3. Eduardo Cavallo & Sebastian Galiani & Ilan Noy & Juan Pantano, 2013. "Catastrophic Natural Disasters and Economic Growth," The Review of Economics and Statistics, MIT Press, vol. 95(5), pages 1549-1561, December.
    4. Paulo Cox & Eric Parrado & Jaime Ruiz-Tagle, 2006. "Distribution of Assets, Debt, and Income of Chilean Households," Working Papers Central Bank of Chile 388, Central Bank of Chile.
    5. Eduardo Cavallo & Sebastian Galiani & Ilan Noy & Juan Pantano, 2013. "Catastrophic Natural Disasters and Economic Growth," The Review of Economics and Statistics, MIT Press, vol. 95(5), pages 1549-1561, December.
    6. Guy Debelle, 2004. "Macroeconomic implications of rising household debt," BIS Working Papers 153, Bank for International Settlements.
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    Cited by:

    1. Andrés Alegría & Rodrigo Alfaro & Felipe Córdova, 2017. "The impact of warnings published in a financial stability report on loan-to value ratios," BIS Working Papers 633, Bank for International Settlements.
    2. Madeira, Carlos, 2023. "The evolution of consumption inequality and risk-insurance in Chile," Emerging Markets Review, Elsevier, vol. 54(C).
    3. Alegría, Andrés & Alfaro, Rodrigo & Córdova, Felipe, 2021. "The effect of warnings published in a financial stability report on loan-to-value ratios," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 2(4).

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    Keywords

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    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions

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