Dynamics and control of a financial system with time-delayed feedbacks

Wei-Ching Chen

Chaos, Solitons & Fractals, 2008, vol. 37, issue 4, 1198-1207

Abstract: Complex behaviors in a financial system with time-delayed feedbacks are discussed in this study via numerical modeling. The system shows complex dynamics such as periodic, quasi-periodic, and chaotic behaviors. Both period doubling and inverse period doubling routes were found in this system. This paper also shows that the attractor merging crisis is a fundamental feature of nonlinear financial systems with time-delayed feedbacks. Control of the deterministic chaos in the financial system can be realized using Pyragas feedbacks.

Date: 2008
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Citations: View citations in EconPapers (15)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:chsofr:v:37:y:2008:i:4:p:1198-1207

DOI: 10.1016/j.chaos.2006.10.016

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