RDP 2013-05: Liquidity Shocks and the US Housing Credit Crisis of 2007–2008 Equation (C6)

β ¯ ^ O L S = β ¯ + c o v ( S A L E S ¯ H A R E j , η j ) V ( S A L E S ¯ H A R E j ) MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYfdmGievaebbnrfi fHhDYfgasaacH8srps0lbbf9q8WrFfeuY=Hhbbf9v8qqaqFr0xc9pk 0xbba9q8WqFfea0=yr0RYxir=Jbba9q8aq0=yq=He9q8qqQ8frFve9 Fve9Ff0dmeaabaqaciGacaGaaeqabaWaaeaaeaaakeaacuaHYoGyga qegaqcamaaBaaaleaacaWGpbGaamitaiaadofaaeqaaOGaeyypa0Ja fqOSdiMbaebacqGHRaWkdaWcaaqaaiaadogacaWGVbGaamODamaabm aabaGaam4uaiaadgeacaWGmbGaamyraiaadofaceWGibGbaebacaWG bbGaamOuaiaadweadaWgaaWcbaGaamOAaaqabaGccaGGSaGaeq4TdG 2aaSbaaSqaaiaadQgaaeqaaaGccaGLOaGaayzkaaaabaGaamOvamaa bmaabaGaam4uaiaadgeacaWGmbGaamyraiaadofaceWGibGbaebaca WGbbGaamOuaiaadweadaWgaaWcbaGaamOAaaqabaaakiaawIcacaGL Paaaaaaaaa@5938@