PRIVATE LENDERS, BANKS and MORTGAGE CREDIT in Peru. EVIDENCE from NOTARISED LOANS

Luis Felipe Zegarra

Research output: Contribution to journalArticlepeer-review

8 Scopus citations

Abstract

This article examines the mortgage credit market of Peru during the guano era and analyses the effects of the creation of mortgage banks on the allocation of credit. It shows that mortgage banks served as interregional intermediaries and facilitated access to long-term credit for large estate owners. However, banks did not broaden access to credit. As private lenders, mortgage banks loaned largely to Lima's merchants and renters and to hacendados from the main coastal valleys.

Original languageEnglish
Pages (from-to)105-146
Number of pages42
JournalRevista de Historia Economica - Journal of Iberian and Latin American Economic History
Volume35
Issue number1
DOIs
StatePublished - 1 Mar 2017
Externally publishedYes

Keywords

  • Latin America
  • Peru
  • banks
  • mortgage credit

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