The Problems of Financial Cycle Modeling in the Globalization of Financial Markets

被引：3

作者：

Akhmetov, Rustam ^{[1
]}

Rysaeva, Guzel ^{[2
]}

机构：

[1] Kazan Fed Univ, Kazan, Russia

[2] Kazan State Acad Vet Med, Kazan, Russia

来源：

22ND INTERNATIONAL ECONOMIC CONFERENCE OF SIBIU 2015, IECS 2015 ECONOMIC PROSPECTS IN THE CONTEXT OF GROWING GLOBAL AND REGIONAL INTERDEPENDENCIES | 2015年 / 27卷

关键词：

financial markets; financial cycle; financial crisis; nonlinear dynamic system; stochastic differential equations;

D O I：

10.1016/S2212-5671(15)01014-X

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Economic globalization and the rapid development of financial markets has led to increased instability in global financial and credit sphere. Crises of the early 2000s raised the question of the need for in-depth study of the structure and dynamics of financial markets. In this paper the methodology of modeling financial market as a nonlinear dynamical system is studied. Based on the analysis of stochastic differential equations concluded that the probable presence of cycling in the capital market. Estimated synergetic role of derivatives in causing the crisis shocks. (C) 2015 The Authors. Published by Elsevier B.V.

引用

页码：522 / 528

页数：7

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