Caccioli, Fabio; Shrestha, Munik; Moore, Cristopher; … - In: Journal of Banking & Finance 46 (2014) C, pp. 233-245
Common asset holdings are widely believed to have been the primary vector of contagion in the recent financial crisis. We develop a network approach to the amplification of financial contagion due to the combination of overlapping portfolios and leverage, and we show how it can be understood in...
