Default Cascades: When Does Risk Diversification Increase Stability?

Domenico Delli Gatti, Stefano Battiston, Mauro Gallegati, Bruce Greenwald, Joseph E. Stiglitz

Research output: Contribution to journalArticlepeer-review

132 Citations (Scopus)

Abstract

In this paper we study the conditions upon which a default cascade (i.e. an avalanche of bankruptcies) can occur.
Original languageEnglish
Pages (from-to)138-149
Number of pages12
JournalJournal of Financial Stability
Volume2012
Publication statusPublished - 2012

Keywords

  • Default cascades
  • Sy

Fingerprint

Dive into the research topics of 'Default Cascades: When Does Risk Diversification Increase Stability?'. Together they form a unique fingerprint.

Cite this