1 Credit Standards and Segregation

@inproceedings{Ouazad20151CS,
  title={1 Credit Standards and Segregation},
  author={Amine Ouazad and Romain Ranci{\`e}re},
  year={2015}
}
This paper explores the effects of changes in lending standards on racial segregation within metropolitan areas. Such changes affect neighborhood choices as well as aggregate prices and quantities in the housing market. Using the credit boom of 2000-2006 as a large-scale experiment, we put forward an IV strategy that predicts the relaxation of credit… CONTINUE READING