Game analysis of multiple equilibrium for financial crisis

被引:0
作者
Chen Wei-hua [1 ]
Zhang Rui [1 ]
机构
[1] Huazhong Univ Sci & Technol, Sch Management, Wuhan 430074, Peoples R China
来源
PROCEEDINGS OF 2007 INTERNATIONAL CONFERENCE ON PUBLIC ADMINISTRATION (3RD), VOL II | 2007年
关键词
financial crisis; multiple equilibrium; game theory;
D O I
暂无
中图分类号
F [经济];
学科分类号
02 ;
摘要
Multiple equilibrium is one of the important theories of financial crisis. In this article, we investigate the mechanism of multiple equilibrium area of financial crisis. Based on this, we discuss the game theory with public, government and speculator, and then confirm the importance of government in the multiple equilibrium area of financial crisis. The conclusion we draw may help government to deal with financial crisis when in multiple equilibrium area.
引用
收藏
页码:466 / 472
页数:7
相关论文
共 6 条
[1]  
Jin Hong, 2003, CONT FINANCE EC, V1, P43
[2]  
LI Y, 2000, EC SURVEY, V6, P20
[3]   GAINING AND LOSING ERM CREDIBILITY - THE CASE OF THE UNITED-KINGDOM [J].
MASSON, PR .
ECONOMIC JOURNAL, 1995, 105 (430) :571-582
[4]  
Morris S, 1998, AM ECON REV, V88, P587
[5]   Models of currency crises with self-fulfilling features [J].
Obstfeld, M .
EUROPEAN ECONOMIC REVIEW, 1996, 40 (3-5) :1037-1047
[6]  
Obstfeld Maurice., 1994, CAHIERS ECONOMIQUES, V43, P189