We attempt to explore the development of a financial crisis mathematically, constructing and analysing a simple qualitative mathematical model of a progressing crisis. This model brings an insight into the evolution of a crisis and enables us to evaluate the likely outcomes of the possible intervent
โฆ LIBER โฆ
A Theoretical Model of Financial Crisis
โ Scribed by Jorge A. Chan-Lau; Zhaohui Chen
- Book ID
- 108534626
- Publisher
- John Wiley and Sons
- Year
- 2002
- Tongue
- English
- Weight
- 132 KB
- Volume
- 10
- Category
- Article
- ISSN
- 0965-7576
No coin nor oath required. For personal study only.
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## Abstract The main driving force of the financial crisis of 2007โ2009 was a rapid deterioration of the trust of private agents in the quality of financial institutions. In turn, this loss of confidence entailed a sharp decline in many asset prices and brought to their knees several large financia