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

Luis Felipe Zegarra

doi:10.1017/S0212610916000082

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

Luis Felipe Zegarra

Pontificia Universidad Católica del Perú

Research output: Contribution to journal › Article › peer-review

11 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 language	English
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	https://doi.org/10.1017/S0212610916000082
State	Published - 1 Mar 2017
Externally published	Yes

Keywords

Latin America
Peru
banks
mortgage credit

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10.1017/S0212610916000082

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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.",

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

Abstract

Keywords

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