Housing Finance in Chile: Instruments, Actors, and Policies

35 Pages Posted: 9 Jun 2012

See all articles by Alejandro Micco

Alejandro Micco

University of Chile

Eric Parrado

Central Bank of Chile

Bernardita Piedrabuena

affiliation not provided to SSRN

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

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

Alejandro Micco (Contact Author)

University of Chile ( email )

Pío Nono Nº1, Providencia
Santiago, R. Metropolitana 7520421
Chile

Eric Parrado

Central Bank of Chile ( email )

Agustinas 1180
Santiago
Chile

Bernardita Piedrabuena

affiliation not provided to SSRN

Alessandro Rebucci

Johns Hopkins University - Carey Business School ( email )

100 International Drive
Baltimore, MD 21202
United States

HOME PAGE: http://carey.jhu.edu/faculty-research/faculty-directory/alessandro-rebucci-phd

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Centre for Economic Policy Research (CEPR) ( email )

London
United Kingdom

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