A CYBERNETICS APPROACH TO THE SOVEREIGN DEBT CRISIS
A CYBERNETICS APPROACH TO THE SOVEREIGN DEBT CRISIS
Author(s): Alexandra Maria ConstantinSubject(s): Education, General Reference Works, Business Economy / Management, Political Sciences
Published by: Regional Department of Defense Resources Management Studies
Keywords: sovereign debt crisis; cybernetics approach; dynamic system; national economy; feedback
Summary/Abstract: The purpose of this paper is to approach the sovereign debt crisis from a cyberneticsperspective, as a system that includes several interrelated subsystems. We emphasize thedynamic nature and sustainability of the sovereign debt system. The paper also discusses thetransition from a sovereign debt dynamic system to a sovereign debt crisis dynamic system,transition included in the feedback control loop of the dynamic system of national economy.
Journal: Journal of Defense Resources Management (JoDRM)
- Issue Year: 6/2015
- Issue No: 2
- Page Range: 123-128
- Page Count: 6
- Language: English