SIMPLIFIED MATHEMATICAL MODEL OF FINANCIAL CRISIS Cover Image
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SIMPLIFIED MATHEMATICAL MODEL OF FINANCIAL CRISIS
SIMPLIFIED MATHEMATICAL MODEL OF FINANCIAL CRISIS

Author(s): Alexei Krouglov
Subject(s): Economy
Published by: ASERS Publishing
Keywords: financial crisis; business fluctuations

Summary/Abstract: The framework of mathematical dynamics of economic systems is applied to the development of financial crisis. A view is proposed that the severity of financial crises can be explained by means of superposition of the fluctuations on connected markets exhibited in the form of a resonance phenomenon. The practical actions of the central banks are criticized as contradicting to theoretical implications of the model.

  • Issue Year: IV/2013
  • Issue No: 08
  • Page Range: 109-114
  • Page Count: 6
  • Language: English