by Stefano Battiston | Aug 23, 2016 | Uncategorized
A broad research program on financial networks and systemic risk is carried out within the SIMPOL Project consortium. We embark on exciting new questions — why complexity increases the uncertainty on systemic risk and what is financial contagion, exactly?...
by Stefano Battiston | Aug 23, 2016 | Uncategorized
Financial complexity is often assumed to help hedging risk more effectively. But complexity can also be a source of collective moral hazard. While practitioners have an intuition of why complexity may be a problem, our new research provides a simple mathematical...
