When Micro Prudence Increases Macro Risk: The Destabilizing Effects of Financial Innovation, Leverage, and Diversification

Fulvio Corsi, Stefano Marmi, Fabrizio Lillo. When Micro Prudence Increases Macro Risk: The Destabilizing Effects of Financial Innovation, Leverage, and Diversification. Operations Research, 64(5):1073-1088, 2016. [doi]

Abstract

Abstract is missing.