IDEAS home Printed from https://ideas.repec.org/p/ror/seince/101213.html
   My bibliography  Save this paper

Sinteza Privind Modelarea Fragilitatii Sistemului Financiar

Author

Listed:
  • Iancu, Aurel

    (Academia Romana, Institutul National de Cercetari Economice)

Abstract

This survey analyzes two types of models: 1. Models based on assumptions of monetary and financial market equilibrium disturbance in line with mainstream thinking to believe that is self-regulating market, the units would have rational expectations, an the crisis would be a temporary phenomenon caused by exogenous shoks. Here are the main objectives and features characteristic of the three generations of models; 2. Models based on financial instability hypothesis, taking into account both the dynamics of financial market as well as the role of incertainty, interdependency and dynamic complexity. Here is shown Minsky’s concept of financial instability and then analized the content of some simplified models. * Articol realizat in cadrul Programului de cercetare al Academiei Romane „Probleme metodologice ale stiintelor economice”, 2010.

Suggested Citation

  • Iancu, Aurel, 2010. "Sinteza Privind Modelarea Fragilitatii Sistemului Financiar," Studii Economice 101213, National Institute of Economic Research.
  • Handle: RePEc:ror:seince:101213
    as

    Download full text from publisher

    File URL: http://www.studii-economice.ro/2010/seince101213.pdf
    Download Restriction: no

    Other versions of this item:

    More about this item

    Keywords

    Instability; model generations; balance sheet; hedge units; speculative units; Ponzi units; cyclical fluctuations; complexity;

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
    • D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • F44 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Business Cycles

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ror:seince:101213. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Corina Saman). General contact details of provider: http://edirc.repec.org/data/incearo.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.