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By Massimo Amato, Luca Fantacci. MASSIMO AMATO is a Researcher in Economic History at the Università Bocconi in Milan. LUCA FANTACCI is Assistant Professor at the Università Bocconi in Milan. What appears to have reduced the riskiness of default for individual agents has in fact increased the fragility of the system as a whole.
When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.