How Long to Read What Fuels the Boom Drives the Bust

How Long Does it Take to Read What Fuels the Boom Drives the Bust?

It takes the average reader 1 hour and 1 minute to read What Fuels the Boom Drives the Bust by Jihad Dagher

Assuming a reading speed of 250 words per minute. Learn more

Description

We show that the lightly regulated non-bank mortgage originators contributed disproportionately to the recent boom-bust housing cycle. Using comprehensive data on mortgage originations, which we aggregate at the county level, we first establish that the market share of these independent non-bank lenders increased in virtually all US counties during the boom. We then exploit the heterogeneity in the market share of independent lenders across counties as of 2005 and show that higher market participation by these lenders is associated with increased foreclosure filing rates at the onset of the housing downturn. We carefully control for counties' economic, demographic, and housing market characteristics using both parametric and semi-nonparametric methods. We show that this relation between the pre-crisis market share of independents and the rise in foreclosure is more pronounced in less regulated states. The macroeconomic consequences of our findings are significant: we show that the market share of these lenders as of 2005 is also a strong predictor of the severity of the housing downturn and subsequent rise in unemployment. Overall our findings lend support to the view that more stringent regulation could have averted some of the volatility on the housing market during the recent boom-bust episode.

How long is What Fuels the Boom Drives the Bust?

What Fuels the Boom Drives the Bust by Jihad Dagher is 59 pages long, and a total of 15,281 words.

This makes it 20% the length of the average book. It also has 19% more words than the average book.

How Long Does it Take to Read What Fuels the Boom Drives the Bust Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 23 minutes to read What Fuels the Boom Drives the Bust aloud.

What Reading Level is What Fuels the Boom Drives the Bust?

What Fuels the Boom Drives the Bust is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy What Fuels the Boom Drives the Bust?

What Fuels the Boom Drives the Bust by Jihad Dagher is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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