RDP 2013-05: Liquidity Shocks and the US Housing Credit Crisis of 2007–2008
Equation
Δ
L
i
j
∗
=
(
η
¯
+
γ
δ
¯
)
(
α
+
γ
)
+
γ
δ
i
(
α
+
γ
)
+
η
j
(
α
+
γ
)
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