Nonlinear Dynamics of Financial Crises
How to Predict Discontinuous Decisions
Erschienen am 9. April 2015
Buch
Softcover
124 Seiten
978-0-12-803275-6 (ISBN)
Beschreibung
When just a handful of economists predicted the 2008 financial crisis, people should wonder how so many well educated people with enormous datasets and computing power can be so wrong. In this short book Ionut Purica joins a growing number of economists who explore the failings of mainstream economics and propose solutions developed in other disciplines, such as sociology and evolutionary biology. While it might be premature to call for a revolution, Dr. Purica echoes John Maynard Keynes in believing that economic ideas are "dangerous for good or evil." In recent years evil seems to have had the upper hand. "Nonlinear Dynamics of Financial Crises" points to their ability to do good.
Rezensionen / Stimmen
"Ionut Purica explores the perplexing problem of financial crises dynamics from a non-traditional economics approach. The progressive methodology and applications make the book ideal for students, researchers, and market practitioners." --Fotis Papailias, Queen's University Management School, Belfast"Dr. Purica provides a unique perspective on the life-cycle of financial crises. By equating financial instruments to 'memes' he provides new insight into the evolutionary dynamics of financial innovation. His illustration using CDO's and the recent financial crisis is one specific application of this approach that I think many will find interesting." --Michael B. Imerman, Lehigh University
Weitere Details
Sprache
Englisch
Verlagsort
San Diego
USA
Verlagsgruppe
Elsevier Science Publishing Co Inc
Zielgruppe
Für Beruf und Forschung
Upper-division undergraduates, graduate students, and professionals working in all areas of finance
Produkt-Hinweis
Broschur/Paperback
Maße
Höhe: 229 mm
Breite: 152 mm
Dicke: 8 mm
Gewicht
196 gr
ISBN-13
978-0-12-803275-6 (9780128032756)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
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E-Book
03/2015
Academic Press
28,95 €
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Person
Prof.Ionut Purica is a corresponding member of the Academy of Romanian Scientists (AOSR), and a senior researcher in econophysics. He had worked in the World Bank, ENEA Rome and ICTP Trieste, Italy and RENEL Romania developing nonlinear models for energy systems development and economic decisions. He holds two PhDs: one in energy systems and the other in economics.
Inhalt
1. Introduction 2. Evolution of Financial Crises 3. The Socio-Cultural Niche 4. Occupy the Financial Niche - Saturation and Crisis 5 Monitoring Issues and Measuring the Change 6. Non-Linear Effects in Market Penetration - Deterministic Chaos 7. Conclusions - Do We Want to Eliminate the Crises? A.1 Evolution of Models in Relation to Crisis Cycles A.2 Logistic Map