Introduction: building stories -- Routes of accumulation -- Speculating on Indian futures -- The India story -- Betting on the future -- Constructing consumer India -- Conflict and commensuration -- Transparency and control -- Developers' quest for credibility and capital -- Quality projects I:...

A central idea in macroeconomic theory is that negative price effects from the leverage-induced forced sale of durable goods can amplify negative shocks and reduce economic activity. We examine this idea by estimating the effect of U.S. foreclosures in 2008 and 2009 on house prices, residential...