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

Δ L i j = β 0 + S A L E S H A R E i β 1 + η j + ε i j ν i j MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYfdmGievaebbnrfi fHhDYfgasaacH8srps0lbbf9q8WrFfeuY=Hhbbf9v8qqaqFr0xc9pk 0xbba9q8WqFfea0=yr0RYxir=Jbba9q8aq0=yq=He9q8qqQ8frFve9 Fve9Ff0dmeaabaqaciGacaGaaeqabaWaaeaaeaaakeaacqqHuoarca WGmbWaa0baaSqaaiaadMgacaWGQbaabaGaey4fIOcaaOGaeyypa0Ja eqOSdi2aaSbaaSqaaiaaicdaaeqaaOGaey4kaSIaam4uaiaadgeaca WGmbGaamyraiaadofacaWGibGaamyqaiaadkfacaWGfbWaa0baaSqa aiaadMgaaeaaiiaacqWFYaIOaaGccqaHYoGydaWgaaWcbaGaaGymaa qabaGccqGHRaWkdaagaaqaaiabeE7aOnaaBaaaleaacaWGQbaabeaa kiabgUcaRiabew7aLnaaBaaaleaacaWGPbGaamOAaaqabaaabaWaaW baaWqabeaacqaH9oGBdaWgaaqaaiaadMgacaWGQbaabeaaaaaakiaa wIJ=aaaa@5A13@