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Ecos de Economía

 ISSN 1657-4206

GALINSKY, Damián    GRANDES, Martín. How can the risk from the mismatch between inflation rates in mortgage and labor markets be mitigated?. []. , 21, 45, pp.39-66. ISSN 1657-4206.  https://doi.org/10.17230/ecos.2017.45.3.

This paper proposes a financial instrument to mitigate the risk of a mismatch between inflation and wage variations that would affect the repayment of inflation-indexed mortgages in relatively high inflation economies, where housing finance is at an incipient phase of its development. In particular, using the Argentine experience in 2016-2017, and the empirical evidence of the two preceding decades, three Swap/insurance options are proposed and simulated that would allow the debtors to limit their exposure to inflation.

: credit; mortgages; inflation; insurance; Swap.

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