<?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>2448-6655</journal-id>
<journal-title><![CDATA[Análisis económico]]></journal-title>
<abbrev-journal-title><![CDATA[Anál. econ.]]></abbrev-journal-title>
<issn>2448-6655</issn>
<publisher>
<publisher-name><![CDATA[Universidad Autónoma Metropolitana, Unidad Azcapotzalco, División de Ciencias Sociales y Humanidades]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2448-66552020000200215</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Causas económicas de morosidad en la cartera hipotecaria titulizada en México]]></article-title>
<article-title xml:lang="en"><![CDATA[Economic causes of delinquencies in the securitized mortgage portfolio in Mexico]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Mosso-Martínez]]></surname>
<given-names><![CDATA[Margarita María]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[López-Herrera]]></surname>
<given-names><![CDATA[Francisco]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Anáhuac  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad Nacional Autónoma de México Facultad de Contaduría y Administración División de Investigación]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>08</month>
<year>2020</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>08</month>
<year>2020</year>
</pub-date>
<volume>35</volume>
<numero>89</numero>
<fpage>215</fpage>
<lpage>238</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S2448-66552020000200215&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S2448-66552020000200215&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S2448-66552020000200215&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen: Este artículo muestra el análisis efectuado para determinar cuáles factores de riesgo macroeconómico afectan a la morosidad de la cartera hipotecaria titulizada en México. Se construyeron factores hipotéticos de riesgo con base en la revisión de literatura pertinente y el análisis de componentes principales de un conjunto de variables económicas. Mediante herramientas econométricas se analizaron las relaciones entre la morosidad y los factores de riesgos hipotéticos, así como entre aquella y las variables económicas. La evidencia muestra que la apertura económica y las condiciones internacionales del mercado monetario son factores de riesgo que pueden afectar a la morosidad. Se encontró también evidencia de que las variables postuladas son relevantes para explicar la morosidad de la cartera estudiada.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract: This paper shows the analysis carried out to determine which macroeconomic risk factors affect the delinquency of the mortgage portfolio securitized in Mexico. Hypothetical risk factors were constructed based on the review of relevant literature and the analysis of principal components of a set of economic variables. Using econometric tools, the relationships between delinquencies and hypothetical risk factors were analyzed, as well as between the former and the economic variables. Evidence shows that economic openness and international money market conditions are risk factors that can affect delinquency. Evidence was also found that the postulated variables are relevant to explain the delinquency of the portfolio studied.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[morosidad]]></kwd>
<kwd lng="es"><![CDATA[cartera de hipotecas titulizadas]]></kwd>
<kwd lng="es"><![CDATA[riesgo sistemático]]></kwd>
<kwd lng="es"><![CDATA[riesgo macroeconómico]]></kwd>
<kwd lng="en"><![CDATA[delinquency]]></kwd>
<kwd lng="en"><![CDATA[securitized mortgage portfolio]]></kwd>
<kwd lng="en"><![CDATA[systematic risk]]></kwd>
<kwd lng="en"><![CDATA[macroeconomic risk]]></kwd>
</kwd-group>
</article-meta>
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