Default Cascades: When Does Risk Diversification Increase Stability?

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

doi:10.1016/j.jfs.2012.01.002

Default Cascades: When Does Risk Diversification Increase Stability?

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

Swiss Federal Institute of Technology Zurich
Marche Polytechnic University
Columbia University

Risultato della ricerca: Contributo in rivista › Articolo › peer review

132 Citazioni (Scopus)

Abstract

In this paper we study the conditions upon which a default cascade (i.e. an avalanche of bankruptcies) can occur.

Lingua originale	Inglese
pagine (da-a)	138-149
Numero di pagine	12
Rivista	Journal of Financial Stability
Volume	2012
DOI	https://doi.org/10.1016/j.jfs.2012.01.002
Stato di pubblicazione	Pubblicato - 2012

Keywords

Default cascades
Sy

Accesso al documento

10.1016/j.jfs.2012.01.002

Altri file e collegamenti

Link a IRIS PubliCatt

Cita questo

@article{63746b679789405284e5248eb74276a8,

title = "Default Cascades: When Does Risk Diversification Increase Stability?",

abstract = "In this paper we study the conditions upon which a default cascade (i.e. an avalanche of bankruptcies) can occur.",

keywords = "Default cascades, Sy, Default cascades, Sy",

author = "Stefano Battiston and \{Delli Gatti\}, Domenico and Mauro Gallegati and Bruce Greenwald and Stiglitz, \{Joseph E.\}",

year = "2012",

doi = "10.1016/j.jfs.2012.01.002",

language = "English",

volume = "2012",

pages = "138--149",

journal = "Journal of Financial Stability",