private information in the mortgage market: evidence and a theory of crises

Authors

  • Robert Shimer

Abstract

A growing body of evidence suggests that private information is important in the mortgage-backed securities market. Recent research reconsiders the theory of how investors trade in the presence of private information. This paper summarizes the evidence and uses the new theoretical approach to explain how trade in mortgage- backed securities can collapse during a crisis.

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Published

25-08-2013

How to Cite

Shimer , R. . (2013). private information in the mortgage market: evidence and a theory of crises. ECONOMÍA CHILENA, 16(2), 68–95. Retrieved from https://xn--economachilena-5lb.cl/index.php/economiachilena/article/view/167

Issue

Vol. 16 No. 2 (2013)

Section

Articles

License

Creative Commons License

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