<?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>1405-2253</journal-id>
<journal-title><![CDATA[América Latina en la historia económica]]></journal-title>
<abbrev-journal-title><![CDATA[Am. Lat. Hist. Econ]]></abbrev-journal-title>
<issn>1405-2253</issn>
<publisher>
<publisher-name><![CDATA[Instituto de Investigaciones Dr. José María Luis Mora]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S1405-22532018000100165</article-id>
<article-id pub-id-type="doi">10.18232/alhe.v25i1.855</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[Political instability, institutions and mortgage credit in Lima, Peru]]></article-title>
<article-title xml:lang="es"><![CDATA[Inestabilidad política, instituciones y crédito hipotecario en Lima, Perú]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Zegarra]]></surname>
<given-names><![CDATA[Luis F.]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Pontificia Universidad Católica del Perú CENTRUM Católica Graduate Business School ]]></institution>
<addr-line><![CDATA[Lima ]]></addr-line>
<country>Peru</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>04</month>
<year>2018</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>04</month>
<year>2018</year>
</pub-date>
<volume>25</volume>
<numero>1</numero>
<fpage>165</fpage>
<lpage>195</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S1405-22532018000100165&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S1405-22532018000100165&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S1405-22532018000100165&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract This article analyzes the evolution of the mortgage credit market in Lima between 1835 and 1865. In particular, it explores the effects of political instability and institutional change on the allocation of mortgage credit. Based on a sample of more than 1 400 notarized records, the article suggests that political instability and institutional uncertainties led to the stagnation of credit markets in the 1830s and early 1840s. As Peru became more stable after 1845 and the risk of lending declined, the credit market expanded more rapidly and interest rates decreased.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen Este artículo analiza la evolución del mercado de crédito hipotecario en Lima entre 1835 y 1865. En particular, explora los efectos de la inestabilidad política y el cambio institucional en la asignación de crédito hipotecario. Con base en una muestra de más de 1 400 registros notariales, el artículo sugiere que la inestabilidad política y la incertidumbre institucional llevaron al estancamiento de los mercados de crédito en el decenio de 1830 e inicios del de 1840. En la medida en que Perú llegó a ser más estable después de 1845 y el riesgo crediticio se redujo, el mercado de crédito se expandió más rápidamente y las tasas de interés declinaron.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[mortgage credit]]></kwd>
<kwd lng="en"><![CDATA[political instability]]></kwd>
<kwd lng="en"><![CDATA[credit institutions]]></kwd>
<kwd lng="es"><![CDATA[crédito hipotecario]]></kwd>
<kwd lng="es"><![CDATA[inestabilidad política]]></kwd>
<kwd lng="es"><![CDATA[instituciones crediticias]]></kwd>
<kwd lng="en"><![CDATA[N260]]></kwd>
<kwd lng="en"><![CDATA[N460]]></kwd>
</kwd-group>
</article-meta>
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