An empirical dynamic model of mortgage default in Colombia between 1997 and 2004

Abstract

We estimate a dynamic model of default for a cohort of Colombian debtors between 1997 and 2004, which was a period of unprecedented nancial stress in Colombia. We develop a methodological framework based on a fully dynamic behavioral model that accounts for both cross-sectional and aggregate heterogeneity. Speci cally we control for the unobserved… (More)

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@inproceedings{Carranza2008AnED, title={An empirical dynamic model of mortgage default in Colombia between 1997 and 2004}, author={Juan Carranza and Salvador Zamora Navarro}, year={2008} }