Masked Instability: Within-Sector Financial Risk in the Presence of Wealth Inequality
We investigate masked financial instability caused by wealth inequality. When an economic sector is decomposed into two subsectors that possess a severe wealth inequality, the sector in entirety can look financially stable while the two subsectors possess extreme financially instabilities of opposit...
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| Format: | Article |
| Language: | English |
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MDPI AG
2018-06-01
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| Series: | Risks |
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| Online Access: | http://www.mdpi.com/2227-9091/6/3/65 |