Research Discussion Paper – RDP 2013-05 Liquidity Shocks and the US Housing Credit Crisis of 2007–2008


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This paper was prepared in part as a chapter of my PhD thesis at the London School of Economics. I would like to thank James Hansen, Alexandra Heath, Daniel Paravisini, Jose-Luis Peydró, Michael Plumb, Chris Stewart, Silvana Tenreyro and James Vickery for many useful comments and suggestions.