Simplified mathematical model of financial crisis
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.
|Date of creation:||27 Jan 2013|
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- Krouglov, Alexei, 2006. "Mathematical Dynamics of Economic Growth as Effect of Internal Savings," MPRA Paper 1262, University Library of Munich, Germany.
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