Add to ORKGThis paper tests the hypothesis that portfolio diversification can increase the threat of systemic financial risk. The paper provides first a theoretical rationale for the possibility that systemic risk may be increased by the proliferation of financial instruments that lead operators to hold increasingly similar portfolios. Secondly, the paper tests the hypothesis that diversification may result in increasing systematic risk, by analyzing the portfolio dynamics of some of the major world open funds
In this paper, we argue that systemic risk should be understood from two different perspectives, the...
We examine if the benefits of international portfolio diversification are robust to time-varying ass...
Chapter 1: Introduction Chapter 2: Systemic Risk: Is the Banking Sector Special? In this paper we em...
This paper tests the hypothesis that portfolio diversification can increase the threat of systemic f...
The last financial crisis sheds dramatically light on the instability threatened by systemic risk. I...
Network theory proved recently to be useful in the quantification of many properties of financial sy...
Publié in Risks 2, 260-276 (2014). DOI : https://doi.org/10.3390/risks2030260Risk diversification is...
Network theory proved recently to be useful in the quantification of many properties of financial sy...
In this paper, we study the implications of diversification in the asset portfolios of banks for fi...
This paper contributes to a growing literature on the ambiguous effects of risk diversification. In ...
Networks of portfolio holdings exemplify how interdependence both between the agents and their asset...
Systemic risk, the possibility that a triggering event such as the failure of a large financial firm...
The Thesis investigates from a theoretical perspective the relationship between leverage, diversifi...
Excessive leverage, i.e. the abuse of debt financing, is considered one of the primary fac-tors in t...
Abstract. It has been pointed out in the macroeconomics and financial risk literature that risk-shar...
In this paper, we argue that systemic risk should be understood from two different perspectives, the...
We examine if the benefits of international portfolio diversification are robust to time-varying ass...
Chapter 1: Introduction Chapter 2: Systemic Risk: Is the Banking Sector Special? In this paper we em...
This paper tests the hypothesis that portfolio diversification can increase the threat of systemic f...
The last financial crisis sheds dramatically light on the instability threatened by systemic risk. I...
Network theory proved recently to be useful in the quantification of many properties of financial sy...
Publié in Risks 2, 260-276 (2014). DOI : https://doi.org/10.3390/risks2030260Risk diversification is...
Network theory proved recently to be useful in the quantification of many properties of financial sy...
In this paper, we study the implications of diversification in the asset portfolios of banks for fi...
This paper contributes to a growing literature on the ambiguous effects of risk diversification. In ...
Networks of portfolio holdings exemplify how interdependence both between the agents and their asset...
Systemic risk, the possibility that a triggering event such as the failure of a large financial firm...
The Thesis investigates from a theoretical perspective the relationship between leverage, diversifi...
Excessive leverage, i.e. the abuse of debt financing, is considered one of the primary fac-tors in t...
Abstract. It has been pointed out in the macroeconomics and financial risk literature that risk-shar...
In this paper, we argue that systemic risk should be understood from two different perspectives, the...
We examine if the benefits of international portfolio diversification are robust to time-varying ass...
Chapter 1: Introduction Chapter 2: Systemic Risk: Is the Banking Sector Special? In this paper we em...