Browsing School of Hotel Administration by Author "Campello, Murillo"

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    • The Financial Accelerator: Evidence from International Housing Markets 

      Heitor, Almeida; Campello, Murillo; Liu, Crocker H. (2006-01-01)
      This paper shows novel evidence on the mechanism through which financial constraints amplify fluctuations in asset prices and credit demand. It does so using contractual features of housing finance. Among agents whose ...