Abstract
The failings of mortgage systems indexed to purchasing power in Argentina, Brazil, Chile, and Paraguay have made economists’ claims that mortgage indexation would be an effective way of making housing more affordable while simultaneously fighting inflation, appear naive.1 During the debt crisis two of these countries introduced policies of deindexation of prices. Chile closed down its mortgage lenders in the late 1970s, and Paraguay abandoned indexed mortgage finance in 1982.2
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© 1996 Robert M. Buckley
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Buckley, R.M. (1996). The Financial Dimension: Mortgage Instruments. In: Housing Finance in Developing Countries. Palgrave Macmillan, London. https://doi.org/10.1057/9780230376601_6
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DOI: https://doi.org/10.1057/9780230376601_6
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-39820-1
Online ISBN: 978-0-230-37660-1
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)