197 citations · 2.1k across the 93 of their papers we have counts for
4 papers · 1 filter
A calibrated model of debt recycling with interest costs and tax shields: viability under different fiscal regimes and jurisdictions
Carlo von der Osten, Sabrina Aufiero, Pierpaolo Vivo +2
Debt recycling is a leveraged equity management strategy in which homeowners use accumulated home equity to finance investments, applying the resulting returns to accelerate mortga…
Mapping Microscopic and Systemic Risks in TradFi and DeFi: a literature review
Sabrina Aufiero, Silvia Bartolucci, Fabio Caccioli +1
This work explores the formation and propagation of systemic risks across traditional finance (TradFi) and decentralized finance (DeFi), offering a comparative framework that bridg…
Financial instability transition under heterogeneous investments and portfolio diversification
Preben Forer, Barak Budnick, Pierpaolo Vivo +3
We analyze the stability of financial investment networks, where financial institutions hold overlapping portfolios of assets. We consider the effect of portfolio diversification a…
Phase transitions in debt recycling
Sabrina Aufiero, Preben Forer, Pierpaolo Vivo +2
Debt recycling is an aggressive equity extraction strategy that potentially permits faster repayment of a mortgage. While equity progressively builds up as the mortgage is repaid m…