<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>2395-8715</journal-id>
<journal-title><![CDATA[Revista de economía]]></journal-title>
<abbrev-journal-title><![CDATA[Rev. econ.]]></abbrev-journal-title>
<issn>2395-8715</issn>
<publisher>
<publisher-name><![CDATA[Facultad de Economía, Universidad Autónoma de Yucatán]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2395-87152022000100094</article-id>
<article-id pub-id-type="doi">10.33937/reveco.2022.251</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Regulación macroprudencial en México: evidencia de cambios estructurales en la cartera de crédito y precios para la vivienda]]></article-title>
<article-title xml:lang="en"><![CDATA[Macroprudencial regulation in Mexico: Evidence from structural changes on housing loans and prices]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Sánchez Hernández]]></surname>
<given-names><![CDATA[R. Berenice]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Moreno Treviño]]></surname>
<given-names><![CDATA[Jorge O.]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Luna Domínguez]]></surname>
<given-names><![CDATA[Edgar M.]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Autónoma de Nuevo León Facultad de Economía ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad Autónoma de Nuevo León Facultad de Economía ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af3">
<institution><![CDATA[,Universidad Autónoma de Nuevo León Facultad de Economía ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>06</month>
<year>2022</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>06</month>
<year>2022</year>
</pub-date>
<volume>39</volume>
<numero>98</numero>
<fpage>94</fpage>
<lpage>123</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S2395-87152022000100094&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S2395-87152022000100094&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S2395-87152022000100094&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen La implementación de políticas macroprudenciales para mitigar el riesgo crediticio se ha utilizado en economías emergentes. De acuerdo con la evidencia, estas políticas podrían afectar otras variables financieras como el crecimiento de la cartera de crédito total bancario, la cartera de crédito de vivienda y el precio de los activos, en particular de la vivienda. En marzo de 2011, se modificó en México la constitución de las estimaciones preventivas de riesgos crediticios al crédito a la vivienda de la banca comercial, con base a las expectativas de pérdida de los créditos de hipoteca en lugar de las pérdidas registradas. En adición, entre 2014 y 2015 se realizaron modificaciones en el requerimiento de liquidez y de capital en vivienda. El objetivo de este estudio consiste en examinar si las herramientas de política macroprudencial afectaron el comportamiento de la cartera de crédito total de vivienda de la banca comercial, así como del índice SHF de precios de vivienda, a consecuencia de los cambios macroprudenciales aplicados referente a vivienda. Mediante la metodología de la presencia de cambios estructurales se encontró que estas políticas macroprudenciales, en la banca comercial, tuvo efectos en el crecimiento del crédito hipotecario y existe un proceso inflacionario en el índice SHF de precios de vivienda.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract The use of macroprudential policies to mitigate credit risk has been used in emerging economies, and according to recent evidence, these policies could affect other financial variables such as the credit growth and housing prices. In March 2011 in México authorities mandated loan loss provisions for housing loans based on the loss expectations of mortgage loans instead of the recorded losses. And, between 2014 and 2015, there were modifications on the capital and liquidity requirements. The objective of this study is to examine whether macroprudential policy affected the housing credit growth and house price appreciation related to macroprudential changes applied to housing. Using the methodology of unit root test with structural break, we found macroprudential policies implemented had effects on the growth of mortgage credit and there is a house price appreciation that might be related to macroprudential policies analyzed.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[política macroprudencial]]></kwd>
<kwd lng="es"><![CDATA[crédito bancario]]></kwd>
<kwd lng="es"><![CDATA[crédito a la vivienda]]></kwd>
<kwd lng="es"><![CDATA[cambio estructural]]></kwd>
<kwd lng="es"><![CDATA[precio vivienda]]></kwd>
<kwd lng="en"><![CDATA[macroprudential policy]]></kwd>
<kwd lng="en"><![CDATA[bank credit]]></kwd>
<kwd lng="en"><![CDATA[housing credit]]></kwd>
<kwd lng="en"><![CDATA[structural break]]></kwd>
<kwd lng="en"><![CDATA[housing prices]]></kwd>
</kwd-group>
</article-meta>
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