RDP 2013-05: Liquidity Shocks and the US Housing Credit Crisis of 2007–2008 Equation (C5)

β ^ O L S β ^ F E = c o v ( S A L E S H A R E i , η j ) V ( S A L E S H A R E i ) MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYfdmGievaebbnrfi fHhDYfgasaacH8srps0lbbf9q8WrFfeuY=Hhbbf9v8qqaqFr0xc9pk 0xbba9q8WqFfea0=yr0RYxir=Jbba9q8aq0=yq=He9q8qqQ8frFve9 Fve9Ff0dmeaabaqaciGacaGaaeqabaWaaeaaeaaakeaac0aJasOSdi MbiWiGjaWaaSbaaSqaaiaad+eacaWGmbGaam4uaaqabaGccqGHsisl cuaHYoGygaqcamaaBaaaleaacaWGgbGaamyraaqabaGccqGH9aqpda WcaaqaaiaadogacaWGVbGaamODamaabmaabaGaam4uaiaadgeacaWG mbGaamyraiaadofacaWGibGaamyqaiaadkfacaWGfbWaaSbaaSqaai aadMgaaeqaaOGaaiilaiabeE7aOnaaBaaaleaacaWGQbaabeaaaOGa ayjkaiaawMcaaaqaaiaadAfadaqadaqaaiaadofacaWGbbGaamitai aadweacaWGtbGaamisaiaadgeacaWGsbGaamyramaaBaaaleaacaWG PbaabeaaaOGaayjkaiaawMcaaaaaaaa@5CE5@