Simplified mathematical model of financial crisis

Alexei Krouglov ()

MPRA Paper from University Library of Munich, Germany

Abstract: 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.

Keywords: Financial crisis; business fluctuations (search for similar items in EconPapers)
JEL-codes: E32 E44 G01 (search for similar items in EconPapers)
Date: 2013-01-27
New Economics Papers: this item is included in nep-mac
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Citations: View citations in EconPapers (3)

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