Analysis of the main characteristics of the mortgage markets regulation in developed countries, trying to extract implications in terms of the resilience of the different systems during this crisis

Author(s): Santiago Fernández de Lis, Saifeddine Chaibi, Jose Félix Izquierdo, Félix Lores, Ana Rubio and Jaime Zurita

Number: 13/17

Keywords: mortgage, regulation, developed countries, loan-to-value, responsible lending, tax, covered bonds.

JEL Code: G210, R210, R310, E620

This study aims to construct a forecast for mortality rates, based on projection models of the ARMA (p, q) type and non-parametric contrast methodology. The study is based on the case of Chile

Author(s): Javier Alonso, David Tuesta, Diego Torres, Begoña Villamide

Number: 13/15

Keywords: Pensions, insurance, longevity risk, mortality tables, Latin America, Chile.

JEL Code: G23, J32, G22

In this paper, we propose a small-scale dynamic factor model for monitoring Argentine GDP in real time using economic data at mixed frequencies (monthly and quarterly)

Author(s): Máximo Camacho , Marcos Dal Bianco, Jaime Martínez-Martín

Number: 13/14

Keywords: Real-time forecasting, Argentine GDP, business cycles, state-space models, mixed frequencies.

JEL Code: C22, C53, E27, E32, E37

This paper shows stylized facts, based on aggregate and sector specific data, on the rather large retrenchment of cross-border lending by Euro-area banks into emerging markets.

Author(s): Alicia Garcia Herrero and Fielding Chen

Number: 13/13

Keywords: cross-border bank lending, emerging markets, Euro area, deleveraging.

JEL Code: F34, G01, O57, C23

Reverse mortgages have been established as an alternative for generating liquid flows of income during retirement in some developed countries. This work focuses on the case of Chile

Author(s): Javier Alonso, María Lamuedra and David Tuesta

Number: 13/11

Keywords: reverse mortgage, private pensions, pension funds, defined contribution.

JEL Code: G23, J32, G22, D14, G21

The underlying thesis of this study is that banking institutions must assume the role of leading a serious process of increasing banking penetration in the country

Author(s): Santiago Fernández de Lis, Adriana Haring, Gloria Sorensen, David Tuesta, Alfonso Ugarte

Number: 13/08

Keywords: banking penetration, financial inclusion, banking coverage.

JEL Code: B26, G2, G21, G28, G32

The study also offers some recommendations aimed at promoting credit and savings in Peru

Author(s): Hugo Perea, David Tuesta and Alfonso Ugarte

Number: 13/07

Keywords: banking penetration, financial inclusion, financial depth.

JEL Code: B26, G2, G21, G28, G32

Latin America has been experiencing a commodity exports concentration. Is the rise of China partly responsible for the increase? We ran formal regressions to explain it across countries and over time.

Author(s): K.C. Fung, Alicia Garcia-Herrero, Mario Nigrinis Ospina

Number: 13/06

Keywords: Export concentration, China economic rise, Latin America de-industrialization.

JEL Code: F14, F43

The global commodity boom in the last decade is largely explained by China’s hunger for raw materials. This paper explores to what extent South America has become “Sinodependent” and its implications.

Author(s): Matt Ferchen, Alicia Garcia-Herrero and Mario Nigrinis

Number: 13/05

Keywords: Commodity exports, Latin America, China, Dependence.

JEL Code: F14, F15, F41, F50

This note develops a flexible methodology for splicing economic time series that avoids the extreme assumptions implicit in the procedures most commonly used in the literature

Author(s): Angel de la Fuente

Number: 13/02

Keywords: linking, splicing, economic series.

JEL Code: C82, E01