796 citations · 5.3k across the 118 of their papers we have counts for
5 papers · 1 filter
Lost in Diversification
Marco Bardoscia, Daniele d'Arienzo, Matteo Marsili +1
As financial instruments grow in complexity more and more information is neglected by risk optimization practices. This brings down a curtain of opacity on the origination of risk,…
The Interrupted Power Law and The Size of Shadow Banking
Davide Fiaschi, Imre Kondor, Matteo Marsili +1
Using public data (Forbes Global 2000) we show that the asset sizes for the largest global firms follow a Pareto distribution in an intermediate range, that is ``interrupted'' by a…
Financial crises and the evaporation of trust
Kartik Anand, Prasanna Gai, Matteo Marsili
Trust lies at the crux of most economic transactions, with credit markets being a notable example. Drawing on insights from the literature on coordination games and network growth,…
Economic interactions and the distribution of wealth
Davide Fiaschi, Matteo Marsili
This paper analyzes the equilibrium distribution of wealth in an economy where firms' productivities are subject to idiosyncratic shocks, returns on factors are determined in compe…
A note on wealth in a volatile economy
M. Marsili
I show that if the capital accumulation dynamics is stochastic a new term, in addition to that given by accounting prices, has to be introduced in order to derive a correct estimat…