Plausibly Exogenous [958] - Creditor Protection (09/13/2022)
LHS Variable
Credit reallocation
RHS Variable
Creditor protection
Source of Exogenous Variation
Passage of a housing collateral reform in 2004 in Brazil, which introduced a new and more enforceable contract for personal and business loans guaranteed by housing collateral: the new contract allowed banks to repossess housing collateral without resorting to courts in the event of borrower default, greatly enhancing the speed of repossession over the previous judicial contract
- Fazio and Silva (2021), “Housing Collateral Reform and Economic Reallocation”