On the Linearly Increasing System of Amortization
Main Article Content
Abstract
Aiming to reach a compromise solution to the issues of default risk and the payment capacity of takers of housing loans, Jorge Oscar de Mello Flôres submited to the Banco Nacional de Habitação, which was then in charge of the Brazilian System of Housing Financing, what he named as the Linearly Increasing System of Amortization. (LISA). Following a critical analysis of the LISA, it is proposed the alternative named as the Generalyzed System of Mixed Amortization (GSMA).
Article Details
How to Cite
de Faro, C. J. D. L. D. (2013). On the Linearly Increasing System of Amortization. Brazilian Review of Finance, 11(4), 559–576. https://doi.org/10.12660/rbfin.v11n4.2013.13832
Section
Long Paper
Articles published from Vol. 22 No. 4 (October–December 2024) onward are licensed under the Creative Commons Attribution 4.0 International License (CC BY 4.0). Earlier articles carry the license stated in their PDF.