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Spanish to English translations [PRO]
Finance (general) / housing financing | | Spanish term or phrase: descalce de plazos | Context is discussion of discussion of problems in financing housing in Latin America. Problem is that potential lenders have to depend on short-term borrowing themselves under unstable conditions (possible inflation, changing exchange rates, etc.) in order to make long term loans. They have to risk "descalce de plazos" i.e., the time frames are out of sync. It could be a "mismatch" as Marian Greenfield suggested years ago. I suspect that there may be no canonized English because there is no comparable risk in the U.S.
Is there a canonized term? |
|  Phillip BerrymanKudoZ activityQuestions: 86 (none open) ( 8 without valid answers) ( 1 closed without grading) Answers: 192
| Local time: 22:21
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| | maturity mismatch | Explanation:
as you say, mismatch
Abstract
Substantial attention has been paid in recent years to the risk of maturity
mismatch in emerging markets. Although this risk is microeconomic in nature,
the evidence advanced thus far has taken the form of macro correlations. I
evaluate this mechanism empirically at the micro level by using a database of
over 600 publicly traded firms from seven Latin American countries. I estimate,
at the firm level, the effect on investment of holding short-term debt under
capital-account volatility. This effect is (statistically) zero, contrary to the
prediction of the maturity-mismatch hypothesis.
Resumen
Se ha prestado mucha atención en los últimos años al riesgo del descalce de
plazos en mercados emergentes. Aún que tal riesgo tiene raíces
microeconómicas, la evidencia hasta ahora se ha compuesto de correlaciones
macroeconómicas. Se evalúa la hipótesis empíricamente por una base de datos
de más de 600 sociedades anónimas abiertas de siete países latinoamericanos.
Se estima, al nivel micro, la respuesta de inversión a la interacción del descalce
de plazos y flujos (agregados) de capital. Las estimaciones del efecto no son
significativamente diferentes de cero, lo cual va en contra a la hipótesis de
descalce de plazos. |
| Selected response from:
 Alicia Jordá
Local time: 04:21
| Grading comment Thanks. That's also what I found from an economics prof who has written on it.
4 KudoZ points were awarded for this answer |
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| Discussion entries: 0 |
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The translation workplace 
peer agreement (net): +1
