RDP 2013-05: Liquidity Shocks and the US Housing Credit Crisis of 2007–2008 Equation

L i j t = 1 α + γ ( r ¯ j t + γ S i j t ϕ E i t ) MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamitamaaDa aaleaacaWGPbGaamOAaiaadshaaeaacqGHxiIkaaGccqGH9aqpdaWc aaqaaiaaigdaaeaacqaHXoqycqGHRaWkcqaHZoWzaaWaaeWaaeaace WGYbGbaebadaWgaaWcbaGaamOAaiaadshaaeqaaOGaey4kaSIaeq4S dCMaam4uamaaBaaaleaacaWGPbGaamOAaiaadshaaeqaaOGaeyOeI0 Iaeqy1dyMaamyramaaBaaaleaacaWGPbGaamiDaaqabaaakiaawIca caGLPaaaaaa@517B@