Financial crisis: An attempt of mathematical modelling

✍ Scribed by Andrei Korobeinikov

• Book ID: 104000756
• Publisher: Elsevier Science
• Year: 2009
• Tongue: English
• Weight: 459 KB
• Volume: 22
• Category: Article
• ISSN: 0893-9659
• DOI: 10.1016/j.aml.2009.07.018

✦ Synopsis

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 interventions that can slow the crisis' progress or ameliorate its consequences. The model also helps to identify the factors and actions that may enhance the global economic security.