Contagion of self-fulfilling financial crises due to diversification of investment portfolios

2004/08/05 by Itay Goldstein, Ady Pauzner · 264 citations
Economics, Econometrics and Finance · #Banking stability, regulation, efficiency #Business #Diversification (marketing strategy) #Economic theories and models #Economics #Finance #Financial crisis #Financial economics #Global Financial Crisis and Policies #Incentive #Macroeconomics #Market economy #Microeconomics #Monetary economics #Negative correlation #Welfare

paper · doi:10.1016/j.jet.2004.03.004

published in Journal of Economic Theory 119(1), 151-183 (Elsevier BV)

openalex publication_date 2004/08/05 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/26

Citations

• Global Games and Equilibrium Selection
• Financial Contagion

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