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Nonlinear Dynamics of Financial Crises

Nonlinear Dynamics of Financial Crises
  • Author : Ionut Purica
  • Publsiher : Academic Press
  • Release : 28 March 2015
  • ISBN : 0128032766
  • Pages : 124 pages
  • Rating : 4/5 from 21 ratings
GET THIS BOOKNonlinear Dynamics of Financial Crises

Summary:
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


Nonlinear Dynamics of Financial Crises

Nonlinear Dynamics of Financial Crises
  • Author : Ionut Purica
  • Publisher : Academic Press
  • Release : 28 March 2015
GET THIS BOOKNonlinear Dynamics of Financial Crises

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


Market Microstructure and Nonlinear Dynamics

Market Microstructure and Nonlinear Dynamics
  • Author : Gilles Dufrénot,Fredj Jawadi,Waël Louhichi
  • Publisher : Springer
  • Release : 14 July 2014
GET THIS BOOKMarket Microstructure and Nonlinear Dynamics

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



Nonlinear Modeling of Economic and Financial Time-Series

Nonlinear Modeling of Economic and Financial Time-Series
  • Author : Fredj Jawadi,William A. Barnett
  • Publisher : Emerald Group Publishing
  • Release : 17 December 2010
GET THIS BOOKNonlinear Modeling of Economic and Financial Time-Series

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.


Quantitative and Empirical Analysis of Nonlinear Dynamic Macromodels

Quantitative and Empirical Analysis of Nonlinear Dynamic Macromodels
  • Author : Carl Chiarella,Reiner Franke,Peter Flaschel,Willi Semmler
  • Publisher : Emerald Group Publishing
  • Release : 30 May 2006
GET THIS BOOKQuantitative and Empirical Analysis of Nonlinear Dynamic Macromodels

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

Econophysics Approaches to Large-Scale Business Data and Financial Crisis
  • Author : Misako Takayasu,Tsutomu Watanabe,Hideki Takayasu
  • Publisher : Springer Science & Business Media
  • Release : 27 April 2010
GET THIS BOOKEconophysics Approaches to Large-Scale Business Data and Financial Crisis

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,


New Facets of Economic Complexity in Modern Financial Markets

New Facets of Economic Complexity in Modern Financial Markets
  • Author : Catherine Kyrtsou,Didier Sornette,Chris Adcock
  • Publisher : Routledge
  • Release : 04 June 2020
GET THIS BOOKNew Facets of Economic Complexity in Modern Financial Markets

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’


Nonlinear Economic Dynamics and Financial Modelling

Nonlinear Economic Dynamics and Financial Modelling
  • Author : Roberto Dieci,Xue-Zhong He,Cars Hommes
  • Publisher : Springer
  • Release : 26 July 2014
GET THIS BOOKNonlinear Economic Dynamics and Financial Modelling

This book reflects the state of the art on nonlinear economic dynamics, financial market modelling and quantitative finance. It contains eighteen papers with topics ranging from disequilibrium macroeconomics, monetary dynamics, monopoly, financial market and limit order market models with boundedly rational heterogeneous agents to estimation, time series modelling and empirical analysis and from risk management of interest-rate products, futures price volatility and American option pricing with stochastic volatility to evaluation of risk and derivatives of electricity market. The book illustrates


Nonlinear Dynamics in Economics, Finance and the Social Sciences

Nonlinear Dynamics in Economics, Finance and the Social Sciences
  • Author : Gian Italo Bischi,Carl Chiarella,Laura Gardini
  • Publisher : Springer Science & Business Media
  • Release : 15 December 2009
GET THIS BOOKNonlinear Dynamics in Economics, Finance and the Social Sciences

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




Nonlinear Dynamics and Evolutionary Economics

Nonlinear Dynamics and Evolutionary Economics
  • Author : Richard Hollis Day,Ping Chen,Associate Researcher at the Prigogine Center for Statistical Mechanics & Complex Systems Ping Chen
  • Publisher : Oxford University Press, USA
  • Release : 03 March 1993
GET THIS BOOKNonlinear Dynamics and Evolutionary Economics

Advances in physics, computers, and mathematics have made it possible to illustrate an astonishing array of potential behavior that can occur when nonlinear interactions are present. As Prigogine explains from a physicist's perspective, the fundamental role of instability and bounded rationality provide more precise understanding for evolution and changes. This volume considers these developments from various fields in the context of economic science. The work starts with a general non-mathematical discussion, introducing the major themes--nonlinearity, dynamical systems, and evolution in