Real Effects of the Subprime Mortgage Crisis : Is it a Demand or a Finance Shock?

Is it a Demand or a Finance Shock?

Real Effects of the Subprime Mortgage Crisis : Is it a Demand or a Finance Shock?
We develop a methodology to study how the subprime crisis spills over to the real economy. Does it manifest itself primarily through reducing consumer demand or through tightening liquidity constraint on non-financial firms? Since most non-financial firms have much larger cash holding than before, they appear unlikely to face significant... READ MORE...

Publication date: July 2008
ISBN 9781451870442
$18.00

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