Housing Finance in Chile: Instruments, Actors, and Policies

Micco, Alejandro; Parrado, Eric; Piedrabuena, Bernardita; Rebucci, Alessandro

doi:10.2139/ssrn.2080393

Housing Finance in Chile: Instruments, Actors, and Policies

IDB Working Paper No. IDB-WP-312

35 Pages Posted: 9 Jun 2012

See all articles by Alejandro Micco

Alessandro Rebucci

Johns Hopkins University - Carey Business School; National Bureau of Economic Research (NBER); Centre for Economic Policy Research (CEPR)

Date Written: May 2012

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.

JEL Classification: E52, F33

Suggested Citation: Suggested Citation

Micco, Alejandro and Parrado, Eric and Piedrabuena, Bernardita and Rebucci, Alessandro, Housing Finance in Chile: Instruments, Actors, and Policies (May 2012). IDB Working Paper No. IDB-WP-312. Available at SSRN: https://ssrn.com/abstract=2080393 or http://dx.doi.org/10.2139/ssrn.2080393