Contagious loan default

6533b85ffe1ef96bd12c1156

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Contagious loan default

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Economics and Econometrics Microfinance education 05 social sciences Monetary economics law.invention Shock (economics)Spillover effect law 0502 economics and business Default Business 050207 economics health care economics and organizations 050203 business & management Finance Credit risk

description

© 2018 Elsevier B.V. Applying survival analysis to a large loan-level dataset for regulatory purposes on group loans provided by Mexican banks, I find that ex-post credit risk is subject to substantial geographic spillover effects. Potential underlying mechanisms include contagious defaulting behavior, which bears the risk of proliferating into a repayment crisis in the event of an economic or political shock, as experiences from similar markets suggest. ispartof: ECONOMICS LETTERS vol:170 pages:14-18 status: Published online

year	journal	country	edition	language
2018-09-01	Economics Letters

https://doi.org/10.1016/j.econlet.2018.05.028

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