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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]

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