Nonlinear Dynamics of Financial Crises Book

Nonlinear Dynamics of Financial Crises


  • Author : Ionut Purica
  • Publisher : Academic Press
  • Release Date : 2015-03-28
  • Genre: Business & Economics
  • Pages : 124
  • ISBN 10 : 9780128032763

DOWNLOAD BOOK
Nonlinear Dynamics of Financial Crises Excerpt :

When just a handful of economists predicted the 2008 financial crisis, people should wonder how so many well educated people with enormous datasets and computing power can be so wrong. In this short book Ionut Purica joins a growing number of economists who explore the failings of mainstream economics and propose solutions developed in other disciplines, such as sociology and evolutionary biology. While it might be premature to call for a revolution, Dr. Purica echoes John Maynard Keynes in believing that economic ideas are "dangerous for good or evil." In recent years evil seems to have had the upper hand. "Nonlinear Dynamics of Financial Crises" points to their ability to do good. Makes complex economics ideas accessible by carefully explaining technical terms and minimizing mathematics and equations Delivers easily-understood perspectives about the global economy by constructing broad assumptions and conclusions in the face of its infinitely complexity Challenges received economic ideas by focusing on human behavior and the roles it plays in easily-observable recent trends and events

Market Microstructure and Nonlinear Dynamics Book

Market Microstructure and Nonlinear Dynamics


  • Author : Gilles Dufrénot
  • Publisher : Springer
  • Release Date : 2016-09-03
  • Genre: Business & Economics
  • Pages : 315
  • ISBN 10 : 3319343254

DOWNLOAD BOOK
Market Microstructure and Nonlinear Dynamics Excerpt :

This book discusses market microstructure environment within the context of the global financial crisis. In the first part, the market microstructure theory is recalled and the main microstructure models and hypotheses are discussed. The second part focuses on the main effects of the financial downturn through an examination of market microstructure dynamics. In particular, the effects of market imperfections and the limitations associated with microstructure models are discussed. Finally, the new regulations and recent developments for financial markets that aim to improve the market microstructure are discussed. Well-known experts on the subject contribute to the chapters in the book. A must-read for academic researchers, students and quantitative practitioners.

Quantitative and Empirical Analysis of Nonlinear Dynamic Macromodels Book

Quantitative and Empirical Analysis of Nonlinear Dynamic Macromodels


  • Author : Carl Chiarella
  • Publisher : Emerald Group Publishing
  • Release Date : 2006-05-30
  • Genre: Business & Economics
  • Pages : 563
  • ISBN 10 : 9780444521224

DOWNLOAD BOOK
Quantitative and Empirical Analysis of Nonlinear Dynamic Macromodels Excerpt :

This book represents an ongoing research agenda the aim of which is to contribute to the Keynesian paradigm in macroeconomics. It examines the Dynamic General Equilibrium (DGE) model, the assumption of intertemporal optimizing behavior of economic agents, competitive markets and price mediated market clearing through flexible wages and prices.

Econophysics Approaches to Large Scale Business Data and Financial Crisis Book

Econophysics Approaches to Large Scale Business Data and Financial Crisis


  • Author : Misako Takayasu
  • Publisher : Springer Science & Business Media
  • Release Date : 2010-04-27
  • Genre: Science
  • Pages : 315
  • ISBN 10 : 9784431538530

DOWNLOAD BOOK
Econophysics Approaches to Large Scale Business Data and Financial Crisis Excerpt :

In recent years, as part of the increasing “informationization” of industry and the economy, enterprises have been accumulating vast amounts of detailed data such as high-frequency transaction data in nancial markets and point-of-sale information onindividualitems in theretail sector. Similarly,vast amountsof data arenow ava- able on business networks based on inter rm transactions and shareholdings. In the past, these types of information were studied only by economists and management scholars. More recently, however, researchers from other elds, such as physics, mathematics, and information sciences, have become interested in this kind of data and, based on novel empirical approaches to searching for regularities and “laws” akin to those in the natural sciences, have produced intriguing results. This book is the proceedings of the international conference THICCAPFA7 that was titled “New Approaches to the Analysis of Large-Scale Business and E- nomic Data,” held in Tokyo, March 1–5, 2009. The letters THIC denote the Tokyo Tech (Tokyo Institute of Technology)–Hitotsubashi Interdisciplinary Conference. The conference series, titled APFA (Applications of Physics in Financial Analysis), focuses on the analysis of large-scale economic data. It has traditionally brought physicists and economists together to exchange viewpoints and experience (APFA1 in Dublin 1999, APFA2 in Liege ` 2000, APFA3 in London 2001, APFA4 in Warsaw 2003, APFA5 in Torino 2006, and APFA6 in Lisbon 2007). The aim of the conf- ence is to establish fundamental analytical techniques and data collection methods, taking into account the results from a variety of academic disciplines.

Market Microstructure and Nonlinear Dynamics Book

Market Microstructure and Nonlinear Dynamics


  • Author : Gilles Dufrénot
  • Publisher : Springer
  • Release Date : 2014-07-14
  • Genre: Business & Economics
  • Pages : 315
  • ISBN 10 : 9783319052120

DOWNLOAD BOOK
Market Microstructure and Nonlinear Dynamics Excerpt :

This book discusses market microstructure environment within the context of the global financial crisis. In the first part, the market microstructure theory is recalled and the main microstructure models and hypotheses are discussed. The second part focuses on the main effects of the financial downturn through an examination of market microstructure dynamics. In particular, the effects of market imperfections and the limitations associated with microstructure models are discussed. Finally, the new regulations and recent developments for financial markets that aim to improve the market microstructure are discussed. Well-known experts on the subject contribute to the chapters in the book. A must-read for academic researchers, students and quantitative practitioners.

Nonlinear Modeling of Economic and Financial Time Series Book

Nonlinear Modeling of Economic and Financial Time Series


  • Author : Fredj Jawadi
  • Publisher : Emerald Group Publishing
  • Release Date : 2010-12-17
  • Genre: Business & Economics
  • Pages : 211
  • ISBN 10 : 9780857244901

DOWNLOAD BOOK
Nonlinear Modeling of Economic and Financial Time Series Excerpt :

Presents researches in linear and nonlinear modelling of economic and financial time-series. This book provides a comprehensive understanding of financial and economic dynamics in various aspects using modern financial econometric methods. It also presents and discusses research findings and their implications.

Nonlinear Dynamics in Economics  Finance and the Social Sciences Book

Nonlinear Dynamics in Economics Finance and the Social Sciences


  • Author : Gian Italo Bischi
  • Publisher : Springer Science & Business Media
  • Release Date : 2009-12-15
  • Genre: Business & Economics
  • Pages : 384
  • ISBN 10 : 9783642040238

DOWNLOAD BOOK
Nonlinear Dynamics in Economics Finance and the Social Sciences Excerpt :

Over the last two decades there has been a great deal of research into nonlinear dynamic models in economics, finance and the social sciences. This book contains twenty papers that range over very recent applications in these areas. Topics covered include structural change and economic growth, disequilibrium dynamics and economic policy as well as models with boundedly rational agents. The book illustrates some of the most recent research tools in this area and will be of interest to economists working in economic dynamics and to mathematicians interested in seeing ideas from nonlinear dynamics and complexity theory applied to the economic sciences.

Growth Theory  Nonlinear Dynamics  and Economic Modelling Book

Growth Theory Nonlinear Dynamics and Economic Modelling


  • Author : William A. Brock
  • Publisher : Edward Elgar Publishing
  • Release Date : 2001-01-01
  • Genre: Business & Economics
  • Pages : 488
  • ISBN 10 : 178254304X

DOWNLOAD BOOK
Growth Theory Nonlinear Dynamics and Economic Modelling Excerpt :

'Buz Brock's contribution to economic theory in general and economic dynamics in particular are characterized by an unmatched richness of ideas and by deep theoretical, empirical as well as computational analysis. Brock's contribution to economic dynamics range from one extreme of the field, global stability of stochastic optimal growth models, to another extreme, market instability and nonlinearity in economic and financial modelling and data analysis. But his work also includes environmental and economic policy issues and, more recently, the modelling of markets as complex adaptive systems. This collection of essays reflects Brock's richness of ideas that have motivated economists for more than three decades already and will continue to influence many economists for the next decades to come.' - Cars H. Hommes, University of Amsterdam, The Netherlands 'Buz Brock has been, from the beginning of his career, one of the most original thinkers in dynamic economics. His early work showed that growth with random elements could be studied effectively and above all posed exactly the right questions. His more recent work has brought complexity theory to the fore and shown its implications for financial and other markets. In the process, he has both introduced and used econometric tools to show the relevance of his work to empirically observed phenomena. It is very useful to have his work in collected form.' - Kenneth J. Arrow, Stanford University, US This outstanding collection of William Brock's essays illustrates the power of dynamic modelling to shed light on the forces for stability and instability in economic systems. The articles selected reflect his best work and are indicative both of the type of policy problem that he finds challenging and the complex methodology that he uses to solve them. Also included is an introduction by Brock to his own work, which helps tie together the main aspects of his research to date.

Dynamics of Financial Stress and Economic Performance Book

Dynamics of Financial Stress and Economic Performance


  • Author : Ramesh Babu Thimmaraya
  • Publisher : Emerald Group Publishing
  • Release Date : 2018-09-28
  • Genre: Business & Economics
  • Pages : 205
  • ISBN 10 : 9781787547834

DOWNLOAD BOOK
Dynamics of Financial Stress and Economic Performance Excerpt :

This book primarily focuses on the dynamic relationship between the financial and the economic systems of twelve major economies in the world.

Financial Dynamics and Business Cycles Book

Financial Dynamics and Business Cycles


  • Author : Willi Semmler
  • Publisher : Routledge
  • Release Date : 2019-08-08
  • Genre: Business & Economics
  • Pages : 274
  • ISBN 10 : 9781315288796

DOWNLOAD BOOK
Financial Dynamics and Business Cycles Excerpt :

As the 55th anniversary of the bank holiday of March 1933 approached, financial instability was a main topic in the financial press. Daily reports appeared of international debt crises, of the covert bankruptcy of deposit insurance, and of the near bankruptcy of one great financial institution after another. The great stock market crash of October 19 and 20, 1987, demonstrated that extreme instability can happen. It is generally asserted that the consequences of October 19th and 20th would have been disastrous if the Federal Reserve and Treasury interventions had not set things right. In 1933, financial markets in the United States and throughout the capitalist world collapsed. In the light of historical experience, the past 55 years are the anomaly. The papers collected in this volume come from various backgrounds and research paradigms. A common theme runs through these papers that makes the collection both interesting and important: The authors take seriously the obvious evidence that capitalist economies progress through time by lurching. Whether a particular study starts from household utility maximization or from the processes by which productive structures are reproduced and expanded, the authors are united in accepting the evidence that financial instability is a significant characteristic of modern capitalism.

Nonlinear Dynamical Systems with Self Excited and Hidden Attractors Book

Nonlinear Dynamical Systems with Self Excited and Hidden Attractors


  • Author : Viet-Thanh Pham
  • Publisher : Springer
  • Release Date : 2018-02-26
  • Genre: Technology & Engineering
  • Pages : 497
  • ISBN 10 : 9783319712437

DOWNLOAD BOOK
Nonlinear Dynamical Systems with Self Excited and Hidden Attractors Excerpt :

This book highlights the latest findings on nonlinear dynamical systems including two types of attractors: self-excited and hidden attractors. Further, it presents both theoretical and practical approaches to investigating nonlinear dynamical systems with self-excited and hidden attractors. The book includes 20 chapters contributed by respected experts, which focus on various applications such as biological systems, memristor-based systems, fractional-order systems, finance systems, business cycles, oscillators, coupled systems, hyperchaotic systems, flexible robot manipulators, electronic circuits, and control models. Special attention is given to modeling, design, circuit realization, and practical applications to address recent research problems in nonlinear dynamical systems. The book provides a valuable reference guide to nonlinear dynamical systems for engineers, researchers, and graduate students, especially those whose work involves mechanics, electrical engineering, and control systems.

Nonlinear Dynamics in Economics and Social Sciences Book

Nonlinear Dynamics in Economics and Social Sciences


  • Author : Franco Gori
  • Publisher : Springer Science & Business Media
  • Release Date : 2012-12-06
  • Genre: Business & Economics
  • Pages : 367
  • ISBN 10 : 9783642580314

DOWNLOAD BOOK
Nonlinear Dynamics in Economics and Social Sciences Excerpt :

This volume constitutes the Proceedings of the "Nonlinear Dynamics in Economics and Social Sciences" Meeting held at the Certosa di Pontignano, Siena, on May 27-30, 1991. The Meeting was organized by the National Group "Modelli Nonlineari in Economia e Dinamiche Complesse" of the Italian Ministery of University and SCientific Research, M.U.RS.T. The aim of the Conference, which followed a previous analogous initiative taking place in the very same Certosa, on January 1988*, was the one of offering a come together opportunity to economists interested in a new mathematical approach to the modelling of economical processes, through the use of more advanced analytical techniques, and mathematicians acting in the field of global dynamical systems theory and applications. A basiC underlying idea drove the organizers: the necessity of fOCUSing on the use that recent methods and results, as those commonly referred to the overpopularized label of "Chaotic Dynamics", did find in the social sciences domain; and thus to check their actual relevance in the research program of modelling economic phenomena, in order to individuate and stress promising perspectives, as well as to curb excessive hopes and criticize not infrequent cases where research reduces to mechanical, ad hoc, applications of "a la mode" techniques. In a word we felt the need of looking about the state of the arts in non-linear systems theory applications to economics and social processes: hence the title of the workshop and the volume.

New Facets of Economic Complexity in Modern Financial Markets Book

New Facets of Economic Complexity in Modern Financial Markets


  • Author : Catherine Kyrtsou
  • Publisher : Routledge
  • Release Date : 2020-06-04
  • Genre: Business & Economics
  • Pages : 260
  • ISBN 10 : 9780429582042

DOWNLOAD BOOK
New Facets of Economic Complexity in Modern Financial Markets Excerpt :

The book is motivated by the disruptions introduced by the financial crisis and the many attempts that have followed to propose new ideas and remedies. Assembling contributions by authors from a variety of backgrounds, this collection illustrates the potentials resulting from the marriage of financial economics, complexity theory and an out-of-equilibrium view of the economic world. Challenging the traditional hypotheses that lie behind financial market functioning, new evidence is provided about the hidden factors fuelling bubbles, the impact of agents’ heterogeneity, the importance of endogeneity in the information transmission mechanism, the dynamics of herding, the sources of volatility, the portfolio optimization techniques, the financial innovation and the trend identification in a nonlinear time-series framework. Presenting the advances made in financial market analysis, and putting emphasis on nonlinear dynamics, this book suggests interdisciplinary methodologies for the study of well-known stylised facts and financial abnormalities. This book was originally published as a special issue of The European Journal of Finance.

Capital Account Liberation Book

Capital Account Liberation


  • Author : Ying Yirong
  • Publisher : CRC Press
  • Release Date : 2015-05-13
  • Genre: Business & Economics
  • Pages : 445
  • ISBN 10 : 9781498712279

DOWNLOAD BOOK
Capital Account Liberation Excerpt :

Along with the development of economic globalization, many countries have begun to relax their controls on their capital accounts. However, the recent financial crises in Latin American countries as well as the exchange rate crises in Southeast Asian countries have shown that there is major risk associated with capital account liberalization.This b

6th International Finance Conference on Financial Crisis and Governance Book

6th International Finance Conference on Financial Crisis and Governance


  • Author : Mondher Bellalah
  • Publisher : Cambridge Scholars Publishing
  • Release Date : 2011-08-08
  • Genre: Business & Economics
  • Pages : 880
  • ISBN 10 : 9781443833127

DOWNLOAD BOOK
6th International Finance Conference on Financial Crisis and Governance Excerpt :

Financial markets, the banking system, and the real estate, commodity and energy markets have, since 2007, been experiencing higher integration, more volatility and have undergone several shocks. More coordination is needed between G20 and market authorities. Regulators, banking supervision agencies and politicians are worried about economic growth and financial crisis. This book covers seven aspects related to financial economic issues, along with some connected topics. The first covers risk assessment, corporate governance and value creation through an appropriate risk management system. The second covers international investments, market correlation, institutional holdings and market reactions during crisis. The third part is devoted to empirical and quantitative analysis of the observed economics and finance issues. The fourth part is devoted to the role of debt in financial crisis and its impact on financial markets and the world economy. The fifth part is devoted to debt policy, free cash flows and the structure of governance. The sixth part deals with management control and the importance of communication. The last part covers Islamic finance as an alternative to conventional finance for the debt solution, the importance of the energy sector and the role of financial innovations.