Andra C. Ghent

University of North Carolina (UNC) at Chapel Hill - Finance Area

Kenan-Flagler Business School

Chapel Hill, NC 27599-3490

United States

SCHOLARLY PAPERS

29

DOWNLOADS
Rank 8,226

SSRN RANKINGS

Top 8,226

in Total Papers Downloads

6,404

SSRN CITATIONS
Rank 6,309

SSRN RANKINGS

Top 6,309

in Total Papers Citations

104

CROSSREF CITATIONS

96

Scholarly Papers (29)

1.

Recourse and Residential Mortgage Default: Evidence from U.S. States

Review of Financial Studies, Federal Reserve Bank of Richmond Working Paper No. 09-10R
Number of pages: 63 Posted: 11 Jul 2009 Last Revised: 24 Nov 2011
Andra C. Ghent and Marianna Kudlyak
University of North Carolina (UNC) at Chapel Hill - Finance Area and Federal Reserve Bank of San Francisco
Downloads 2,236 (7,237)
Citation 52

Abstract:

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Deficiency Judgment, Foreclosure, Negative Equity, Residential Mortgage Default, Recourse

2.

Complexity in Structured Finance

Number of pages: 68 Posted: 15 Sep 2013 Last Revised: 05 Nov 2017
Andra C. Ghent, Walter N. Torous and Rossen I. Valkanov
University of North Carolina (UNC) at Chapel Hill - Finance Area, Massachusetts Institute of Technology and University of California, San Diego (UCSD) - Rady School of Management
Downloads 593 (52,344)
Citation 19

Abstract:

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Complexity, Security Design, MBS Performance

3.

How Do Case Law and Statute Differ? Lessons from the Evolution of Mortgage Law

Number of pages: 47 Posted: 25 Oct 2012 Last Revised: 09 Sep 2014
Andra C. Ghent
University of North Carolina (UNC) at Chapel Hill - Finance Area
Downloads 459 (71,894)
Citation 7

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Foreclosure Law; Financial History; Common Law; Statute; Civil Law; Creditor Rights

4.

Comparing Securitized and Balance Sheet Loans: Size Matters

Number of pages: 57 Posted: 27 Sep 2012 Last Revised: 22 Jul 2014
Andra C. Ghent and Rossen I. Valkanov
University of North Carolina (UNC) at Chapel Hill - Finance Area and University of California, San Diego (UCSD) - Rady School of Management
Downloads 358 (96,125)
Citation 9

Abstract:

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Securitization, Commercial Mortgage-Backed Securities (CMBS), Structured finance

5.

Job Growth from Opportunity Zones

Number of pages: 53 Posted: 04 Aug 2020 Last Revised: 17 Nov 2020
UW Madison - Wisconsin School Business, Rutgers Business School, University of North Carolina (UNC) at Chapel Hill - Finance Area and University of Wisconsin - Madison - Univeristy of Wisconsin-Madison
Downloads 340 (101,875)
Citation 1

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Placed-Based Policies, Opportunity Zones, Tax Incentives

6.

The Historical Origins of America's Mortgage Laws

Research Institute for Housing America Research Paper No. 12-02
Number of pages: 50 Posted: 05 Nov 2012
Andra C. Ghent
University of North Carolina (UNC) at Chapel Hill - Finance Area
Downloads 271 (130,114)
Citation 2

Abstract:

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Mortgage Laws, Evolution of Mortgage Legal Frameworks

7.

Competition and Credit Ratings After the Fall

Number of pages: 68 Posted: 11 Nov 2014 Last Revised: 20 Jul 2016
Sean Flynn and Andra C. Ghent
Tulane University and University of North Carolina (UNC) at Chapel Hill - Finance Area
Downloads 247 (142,952)
Citation 6

Abstract:

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8.

Are Young Borrowers Bad Borrowers? Evidence from the Credit CARD Act of 2009

FRB Richmond Working Paper No. 13-09R
Number of pages: 71 Posted: 07 Aug 2013 Last Revised: 22 Sep 2014
Peter Debbaut, Andra C. Ghent and Marianna Kudlyak
Federal Reserve Bank of Richmond, University of North Carolina (UNC) at Chapel Hill - Finance Area and Federal Reserve Bank of San Francisco
Downloads 224 (157,013)
Citation 2

Abstract:

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Consumer Protection, Household Finance, Life Cycle Borrowing, Credit Card Default

Did Affordable Housing Legislation Contribute to the Subprime Securities Boom?

AFA 2013 San Diego Meetings Paper
Number of pages: 42 Posted: 15 Mar 2012 Last Revised: 20 Dec 2013
University of North Carolina (UNC) at Chapel Hill - Finance Area, Federal Reserve Banks - Federal Reserve Bank of Cleveland and Federal Reserve Bank of St. Louis - Research Division
Downloads 132 (249,297)
Citation 1

Abstract:

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mortgages, financial crisis, community reinvestment act, GSEs

Did Affordable Housing Legislation Contribute to the Subprime Securities Boom?

Federal Reserve Bank of St. Louis Working Paper No. 2012-005B
Number of pages: 53 Posted: 12 Apr 2012 Last Revised: 20 Dec 2013
Federal Reserve Banks - Federal Reserve Bank of Cleveland, University of North Carolina (UNC) at Chapel Hill - Finance Area and Federal Reserve Bank of St. Louis - Research Division
Downloads 54 (434,104)
Citation 2

Abstract:

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Mortgages, Loan Performance, Community Reinvestment Act, GSEs

Did Affordable Housing Legislation Contribute to the Subprime Securities Boom?

Real Estate Economics, Vol. 43, Issue 4, pp. 820-854, 2015
Number of pages: 35 Posted: 26 Oct 2015
University of North Carolina (UNC) at Chapel Hill - Finance Area, Federal Reserve Banks - Federal Reserve Bank of Cleveland and Federal Reserve Bank of St. Louis - Research Division
Downloads 2 (758,074)
Citation 3
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10.

Why Do Markets React Badly to Good News? Evidence from Fed Funds Futures

Number of pages: 24 Posted: 01 Jul 2008 Last Revised: 15 Aug 2010
Andra C. Ghent
University of North Carolina (UNC) at Chapel Hill - Finance Area
Downloads 142 (234,321)
Citation 5

Abstract:

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Monetary Policy Expectations, Macroeconomic Surprises, Taylor Rule.

What's Wrong with Pittsburgh? Delegated Investors and Liquidity Concentration

9th Miami Behavioral Finance Conference 2018
Number of pages: 53 Posted: 15 Mar 2019 Last Revised: 13 Jan 2020
Andra C. Ghent
University of North Carolina (UNC) at Chapel Hill - Finance Area
Downloads 125 (259,880)

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Delegated Asset Managers; Liquidity; Alternative Asset Classes

What's Wrong with Pittsburgh? Delegated Investors and Liquidity Concentration

NBER Working Paper No. w25966
Number of pages: 47 Posted: 17 Jun 2019
Andra C. Ghent
University of North Carolina (UNC) at Chapel Hill - Finance Area
Downloads 7 (713,638)
Citation 1
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12.

Differences in Subprime Loan Pricing Across Races and Neighborhoods

Federal Reserve Bank of St. Louis Working Paper No. 2011-033C
Number of pages: 55 Posted: 12 Apr 2012 Last Revised: 08 Aug 2014
University of North Carolina (UNC) at Chapel Hill - Finance Area, Federal Reserve Banks - Federal Reserve Bank of Cleveland and Federal Reserve Bank of St. Louis - Research Division
Downloads 130 (251,331)
Citation 9

Abstract:

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Fair Housing Act; Subprime Mortgages; Loan Performance; Discrimination

13.
Downloads 120 (266,902)
Citation 2

Asset Insulators

2nd Annual Financial Institutions, Regulation and Corporate Governance Conference
Number of pages: 57 Posted: 19 Jul 2016 Last Revised: 02 Oct 2016
Harvard University Department of Economics, University of North Carolina (UNC) at Chapel Hill - Finance Area and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 113 (279,992)
Citation 1

Abstract:

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Asset Insulators

NBER Working Paper No. w24973
Number of pages: 70 Posted: 17 Sep 2018
Harvard University Department of Economics, University of North Carolina (UNC) at Chapel Hill - Finance Area and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 7 (713,638)

Abstract:

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14.

Comparing DSGE-VAR Forecasting Models: How Big are the Differences?

Journal of Economic Dynamics and Control, Vol. 33, No. 4, 2009
Number of pages: 43 Posted: 10 Apr 2008 Last Revised: 24 Nov 2011
Andra C. Ghent
University of North Carolina (UNC) at Chapel Hill - Finance Area
Downloads 109 (285,661)

Abstract:

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Economic Fluctuations, Priors from DSGE Models, Hours Debate, Business Cycles, Model Evaluation

15.

Commercial Real Estate as an Asset Class

Annual Review of Financial Economics, Forthcoming
Number of pages: 37 Posted: 11 Oct 2019
Andra C. Ghent, Walter Torous and Rossen I. Valkanov
University of North Carolina (UNC) at Chapel Hill - Finance Area, affiliation not provided to SSRN and University of California, San Diego (UCSD) - Rady School of Management
Downloads 102 (300,982)
Citation 3

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Commercial Real Estate, Corporate Real Estate, Property Returns, REITs, Portfolio Diversification

16.

Is Housing the Business Cycle? Evidence from U.S. Cities

Journal of Urban Economics, Vol. 67, No. 3, 2010, Federal Reserve Bank of St. Louis Working Paper No.2009-007B
Number of pages: 38 Posted: 10 Mar 2009 Last Revised: 24 Nov 2011
Andra C. Ghent and Michael Owyang
University of North Carolina (UNC) at Chapel Hill - Finance Area and Federal Reserve Bank of St. Louis - Research Division
Downloads 95 (313,106)
Citation 5

Abstract:

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local housing markets, residential investment, economic fluctuations, housing prices

17.

Home Ownership, Household Leverage, and Hyperbolic Discounting

Number of pages: 48 Posted: 04 Mar 2011 Last Revised: 20 Jan 2013
Andra C. Ghent
University of North Carolina (UNC) at Chapel Hill - Finance Area
Downloads 93 (317,385)
Citation 2

Abstract:

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Hyperbolic Discounting, Subprime, Mortgage Choice, Household Finance

18.

Infrequent Housing Adjustment, Limited Participation, and Monetary Policy

Journal of Money, Credit, and Banking, Forthcoming
Number of pages: 32 Posted: 02 Oct 2008 Last Revised: 07 May 2015
Andra C. Ghent
University of North Carolina (UNC) at Chapel Hill - Finance Area
Downloads 90 (324,083)
Citation 2

Abstract:

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Sticky Housing, Residential Investment, Limited Participation

19.

Informational Efficiency in Securitization After Dodd-Frank

Sixth Annual Conference on Financial Market Regulation (2018)
Number of pages: 57 Posted: 05 Nov 2018 Last Revised: 23 May 2019
Sean Flynn, Andra C. Ghent and Alexei Tchistyi
Tulane University, University of North Carolina (UNC) at Chapel Hill - Finance Area and University of Illinois at Urbana-Champaign - Department of Finance
Downloads 81 (345,657)
Citation 2

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Dodd-Frank Act, Asymmetric Information, Signaling Equilibrium, ABS.

20.

How Do Households Make Mortgage Choices?

Real Estate Economics, Virtual Issue, 2016
Number of pages: 9 Posted: 11 Nov 2016 Last Revised: 07 Dec 2016
Andra C. Ghent and Vincent Yao
University of North Carolina (UNC) at Chapel Hill - Finance Area and Georgia State University - J. Mack Robinson College of Business
Downloads 79 (350,747)

Abstract:

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Mortgage Choice; Broker; Contracts; Reverse Mortgages

21.

Second Mortgages: Valuation and Implications for the Performance of Structured Financial Products

Number of pages: 41 Posted: 28 Aug 2016
University of North Carolina (UNC) at Chapel Hill - Finance Area, Copenhagen Business School and Massachusetts Institute of Technology
Downloads 73 (366,864)

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Mortgage-Backed Securities (MBS), Mortgage Valuation, Credit Ratings.

22.

Intergenerational Linkages in Household Credit

FRB Richmond Working Paper No. 15-14
Number of pages: 44 Posted: 30 Nov 2015
Andra C. Ghent and Marianna Kudlyak
University of North Carolina (UNC) at Chapel Hill - Finance Area and Federal Reserve Bank of San Francisco
Downloads 70 (378,333)

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Household Finance, Intergenerational Mobility, Credit Constraints, Income Inequality

23.

Securitization and Mortgage Renegotiation: Evidence from the Great Depression

Review of Financial Studies
Number of pages: 37 Posted: 04 Feb 2011 Last Revised: 24 Nov 2011
Andra C. Ghent
University of North Carolina (UNC) at Chapel Hill - Finance Area
Downloads 69 (378,333)
Citation 1

Abstract:

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24.

Should Defined Contribution Plans Include Private Equity Investments?

Number of pages: 13
University of North Carolina (UNC) at Chapel Hill - Finance Area, Burgiss, University of North Carolina (UNC) at Chapel Hill - Finance Area, University of Virginia - Darden School of Business, National Bureau of Economic Research (NBER), University of Oxford - Said Business School, University of Chicago - Booth School of Business, University of North Carolina (UNC) at Chapel Hill - Frank Hawkins Kenan Institute of Private Enterprise and Fuqua School of Business, Duke University
Downloads 66

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Private Equity, Defined Contribution Plans

25.

What does Wall Street tell us about Main Street?

Number of pages: 40 Posted: 15 Dec 2020
Sean Flynn and Andra C. Ghent
Tulane University and University of North Carolina (UNC) at Chapel Hill - Finance Area
Downloads 27 (548,847)

Abstract:

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Regional Employment, Industry Employment

26.

The Work-at-Home Technology Boon and its Consequences

Number of pages: 63 Posted: 20 Jan 2021
Morris A. Davis, Andra C. Ghent and Jesse Gregory
Rutgers Business School, University of North Carolina (UNC) at Chapel Hill - Finance Area and University of Wisconsin - Madison
Downloads 10 (662,912)

Abstract:

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Technology Adoption. Coronavirus. Telecommuting

27.

Commercial Real Estate as an Asset Class

Annual Review of Financial Economics, Vol. 11, pp. 153-171, 2019
Posted: 12 Jan 2020
Andra C. Ghent, Rossen I. Valkanov and Walter N. Torous
University of North Carolina (UNC) at Chapel Hill - Finance Area, University of California, San Diego (UCSD) - Rady School of Management and Massachusetts Institute of Technology

Abstract:

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Home Ownership, Household Leverage and Hyperbolic Discounting

Real Estate Economics, Vol. 43, Issue 3, pp. 750-781, 2015
Number of pages: 32 Posted: 04 Aug 2015
Andra C. Ghent
University of North Carolina (UNC) at Chapel Hill - Finance Area
Downloads 0
Citation 2
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Home Ownership, Household Leverage, and Hyperbolic Discounting

Real Estate Economics, Forthcoming
Posted: 28 Mar 2014
Andra C. Ghent
University of North Carolina (UNC) at Chapel Hill - Finance Area

Abstract:

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Hyperbolic Discounting, Subprime, Mortgage Choice, Household Finance

29.

Is America’s Housing Affordability Problem a Housing Problem?

Number of pages: 29
Andra C. Ghent and David Leather
University of North Carolina (UNC) at Chapel Hill - Finance Area and The George L. Argyros School of Business and Economics
Downloads 0

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Renters, Housing Supply, Poverty.