Subprime Lending: Did it Lead to the Real Estate Boom and Bust?

Is there a link between the availability of aggressive home loan lending and the price of homes? In a paper presented at the Far East and South Asian Meeting of the Econometric Society 2008, hosted by the Singapore Management University, Wharton professors Susan Wachter and Andrey Pavlov show that i...

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Main Author: Knowledge@SMU
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2008
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Online Access:https://ink.library.smu.edu.sg/ksmu/350
https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1349&context=ksmu
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spelling sg-smu-ink.ksmu-13492018-07-09T04:23:25Z Subprime Lending: Did it Lead to the Real Estate Boom and Bust? Knowledge@SMU Is there a link between the availability of aggressive home loan lending and the price of homes? In a paper presented at the Far East and South Asian Meeting of the Econometric Society 2008, hosted by the Singapore Management University, Wharton professors Susan Wachter and Andrey Pavlov show that it is the fluctuation in the use of aggressive instruments which exacerbates the market downturns, and not the fact that such instruments generate higher default rates. 2008-08-01T07:00:00Z text application/pdf https://ink.library.smu.edu.sg/ksmu/350 https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1349&context=ksmu http://creativecommons.org/licenses/by-nc-nd/4.0/ Knowledge@SMU eng Institutional Knowledge at Singapore Management University Business Real Estate
institution Singapore Management University
building SMU Libraries
country Singapore
collection InK@SMU
language English
topic Business
Real Estate
spellingShingle Business
Real Estate
Knowledge@SMU
Subprime Lending: Did it Lead to the Real Estate Boom and Bust?
description Is there a link between the availability of aggressive home loan lending and the price of homes? In a paper presented at the Far East and South Asian Meeting of the Econometric Society 2008, hosted by the Singapore Management University, Wharton professors Susan Wachter and Andrey Pavlov show that it is the fluctuation in the use of aggressive instruments which exacerbates the market downturns, and not the fact that such instruments generate higher default rates.
format text
author Knowledge@SMU
author_facet Knowledge@SMU
author_sort Knowledge@SMU
title Subprime Lending: Did it Lead to the Real Estate Boom and Bust?
title_short Subprime Lending: Did it Lead to the Real Estate Boom and Bust?
title_full Subprime Lending: Did it Lead to the Real Estate Boom and Bust?
title_fullStr Subprime Lending: Did it Lead to the Real Estate Boom and Bust?
title_full_unstemmed Subprime Lending: Did it Lead to the Real Estate Boom and Bust?
title_sort subprime lending: did it lead to the real estate boom and bust?
publisher Institutional Knowledge at Singapore Management University
publishDate 2008
url https://ink.library.smu.edu.sg/ksmu/350
https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1349&context=ksmu
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