The inevitability of marketwide underpricing of mortgage default risk

Real Estate Economics

Volumn 34, Issue 4, 2006, Pages 479-496

  Pavlov, Andrey ^a   Wachter, Susan M ^b  

^a SIMON FRASER UNIVERSITY   (Canada)

^b UNIVERSITY OF PENNSYLVANIA   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 33750966773     PISSN: 10808620     EISSN: 15406229     Source Type: Journal    
DOI: 10.1111/j.1540-6229.2006.00175.x     Document Type: Article

References (6)

1. Allen, F. 2001. Presidential Address: Do Financial Institutions Matter? The Journal of Finance 56: 1165-1176.
2. Allen, F. and D. Gale. 1998. Optimal Financial Crises. The Journal of Finance 53: 1245-1283.
3. Allen, F. and D. Gale. 1999. Innovations in Financial Services, Relationships, and Risk Sharing. Management Science 45: 1239-1253.
4. Herring, R. and S. Wachter. 1999. Real Estate Booms and Banking Busts: An International Perspective. Group of Thirty: Washington, DC.
5. Herring, R.J. and S. Wachter. 2003. Bubbles in Real Estate Markets. W.C. Hunter, G.G. Kaufman and M. Pomerleano, editors. Asset Price Bubbles: Implications for Monetary, Regulatory and International Policies. MIT Press: Cambridge, MA.
6. Pavlov, A. and S. Wachter. 2004. Robbing the Bank: Short-Term Players and Asset Prices. The Journal of Real Estate Finance and Economics 28(2/3): 147-160.