Wall Street and the housing bubble

By Ing-Haw Cheng, Sahil Raina. 2014

249 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/caeb8dbdcdab0956399872f9df983a4f053acb8a

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

In Finance

Citations in the corpus

Do Managers Overreact to Salient Risks? Evidence from Hurricane Strikes (2017, methodology): “Initially propelled by Minksy (1977) and Kindleberger (1978), this literature conjectures that in good times, agents tend to extrapolate the current state of the world as if it would last forever (e.g., Cheng et al., 2014; Greenwood and Hanson, 2013, 2015; Greenwood and Shleifer, 2014).”
Demystifying the Chinese Housing Boom (2015, background): “The fraction of second mortgages in our mortgage data may appear substantially lower than the fraction of households owning multiple homes reported by the Chinese Household Finance Survey (2012).”
Financial Frictions and the Great Productivity Slowdown (2017, unknown): “6 Cheng et al. (2014) show that even managers in the securitized finance industry failed to identify the housing bubble.”
A Nation of Gamblers: Real Estate Speculation and American History (2013, unknown): “lower share of structures in total value in 1990 California. Glaeser, Gyourko, and Saks (2005) report that the price to”
The Economics of Motivated Beliefs (2015, background): “Another example linking stakes and beliefs which I discuss later on is Cheng et al. (2014).”
Groupthink: Collective Delusions in Organizations and Markets (2013, unknown): “Cheng et al. (2012) show that mid-level managers in the mortgage securitization business (insiders) were more likely to buy a house at the peak of the bubble, and slower to divest as prices started falling, than either real estate lawyers or financial analysts covering non-housing companies…”