LBS logo London experience. World impact.

The failure of models that predict failure: distance, incentives and defaults

Journal

Journal of Financial Economics

Subject

Finance

Authors / Editors

Rajan U; Seru A; Vig V

Biographies

Publication Year

2015

Keywords

Securitization, screening, incentives, subprime, defaults, mortgages, disintermediation, models, lucas critique, soft information, hard information, failure, predictability