Frey, Rüdiger; Hledik, Juraj - In: Risks : open access journal 6 (2018) 2, pp. 1-11
In this paper, we study the implications of diversification in the asset portfolios of banks for financial stability … both the level of diversification, and the connectivity and structure of the financial network. In contrast to earlier … studies we find that diversification at the level of individual banks may be beneficial for financial stability even if it …
