Complexity and Financial Panics
NBER Working Paper No. 14997
---- Acknowledgments ----
We thank Mathias Dewatripont, Pablo Kurlat, Guido Lorenzoni, Juan Ocampo and seminar participants at Cornell and MIT for their comments, and the NSF for financial support. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.