We present a model of ÿnancial markets originally proposed for a turbulent ow, as a dynamic basis of its intermittent behavior. Time evolution of the price change is assumed to be described by Brownian motion in a power-law potential, where the 'temperature' uctuates slowly. The model generally yiel
Fluctuation dynamics of exchange rates on Polish financial market
✍ Scribed by A. Orłowski; Z.R. Struzik; E. Syczewska; M.A. Załuska-Kotur
- Publisher
- Elsevier Science
- Year
- 2004
- Tongue
- English
- Weight
- 212 KB
- Volume
- 344
- Category
- Article
- ISSN
- 0378-4371
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