Cainelli, Giulio; Montresor, Sandro; Marzetti, Giuseppe … - Dipartimento di Economia e Management, Università … - 2010
The paper analyzes how (production and financial) inter-firm networks can affect firms' default probabilities and observed default rates: an issue the recent crisis has brought to the front of the debate. A simple theoretical model of shock transfer is built up to investigate some stylized facts...