| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w18904 |
| 来源ID | Working Paper 18904 |
| Wall Street and the Housing Bubble | |
| Ing-Haw Cheng; Sahil Raina; Wei Xiong | |
| 发表日期 | 2013-03-21 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | We analyze whether mid-level managers in securitized finance were aware of the housing bubble and a looming crisis in 2004-2006 using their personal home transaction data. To the extent that the practice of securitization may have led to lax screening of subprime borrowers, we find that the average person in our sample did not expect it to lead to problems in the wider housing market. Certain groups of securitization agents were particularly aggressive in increasing their exposure to housing during this period, suggesting the need to expand the incentives-based view of the crisis to incorporate a role for beliefs. |
| 主题 | Financial Economics |
| URL | https://www.nber.org/papers/w18904 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/576579 |
| 推荐引用方式 GB/T 7714 | Ing-Haw Cheng,Sahil Raina,Wei Xiong. Wall Street and the Housing Bubble. 2013. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w18904.pdf（1007KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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