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 language | English |
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Pages (from-to) | 105-146 |
Number of pages | 42 |
Journal | Revista de Historia Economica - Journal of Iberian and Latin American Economic History |
Volume | 35 |
Issue number | 1 |
DOIs | |
State | Published - 1 Mar 2017 |
Externally published | Yes |
Keywords
- Latin America
- Peru
- banks
- mortgage credit