Matches in SemOpenAlex for { <https://semopenalex.org/work/W3123383295> ?p ?o ?g. }
Showing items 1 to 89 of
89
with 100 items per page.
- W3123383295 endingPage "1365" @default.
- W3123383295 startingPage "1351" @default.
- W3123383295 abstract "The impact of increasing leverage in the economy produces hyperreaction of market participants to variations of their revenues. If the income of banks decreases, they mass-reduce their lendings; if corporations sales drop, and they cannot adjust their liquidities by further borrowing due to existing debt, then they must immediately reduce their expenses, lay off staff, and cancel investments. This hyperreaction produces a bifurcation mechanism, and eventually a strong dynamical instability in capital markets that is commonly called systemic risk. In this article, we show that this instability can be monitored by measuring the highest eigenvalue of a matrix of elasticities. These elasticities measure the reaction of each sector of the economy to a drop in its revenues from another sector. This highest eigenvalue—the spectral radius—of the elasticity matrix can be used as an early indicator of market instability and potential crisis. Grandmont and subsequent research showed the possibility that the ‘invisible hand’ of markets becomes chaotic, opening the door to uncontrolled swings. Our contribution is to provide an actual way of measuring how close to chaos the market is. Estimating elasticities and actually generating the indicators of instability will be the topic of forthcoming research." @default.
- W3123383295 created "2021-02-01" @default.
- W3123383295 creator A5077346607 @default.
- W3123383295 creator A5086575441 @default.
- W3123383295 date "2012-09-01" @default.
- W3123383295 modified "2023-10-05" @default.
- W3123383295 title "Financial crisis dynamics: attempt to define a market instability indicator" @default.
- W3123383295 cites W1540714695 @default.
- W3123383295 cites W1550247484 @default.
- W3123383295 cites W1964970743 @default.
- W3123383295 cites W1994740625 @default.
- W3123383295 cites W2007361468 @default.
- W3123383295 cites W2023224546 @default.
- W3123383295 cites W2079002015 @default.
- W3123383295 cites W3100223094 @default.
- W3123383295 cites W3123410966 @default.
- W3123383295 cites W32421531 @default.
- W3123383295 cites W4210605524 @default.
- W3123383295 cites W4300791641 @default.
- W3123383295 cites W4365787967 @default.
- W3123383295 doi "https://doi.org/10.1080/14697688.2011.627880" @default.
- W3123383295 hasPublicationYear "2012" @default.
- W3123383295 type Work @default.
- W3123383295 sameAs 3123383295 @default.
- W3123383295 citedByCount "22" @default.
- W3123383295 countsByYear W31233832952012 @default.
- W3123383295 countsByYear W31233832952013 @default.
- W3123383295 countsByYear W31233832952014 @default.
- W3123383295 countsByYear W31233832952015 @default.
- W3123383295 countsByYear W31233832952016 @default.
- W3123383295 countsByYear W31233832952017 @default.
- W3123383295 countsByYear W31233832952018 @default.
- W3123383295 countsByYear W31233832952019 @default.
- W3123383295 countsByYear W31233832952020 @default.
- W3123383295 countsByYear W31233832952021 @default.
- W3123383295 countsByYear W31233832952022 @default.
- W3123383295 countsByYear W31233832952023 @default.
- W3123383295 crossrefType "journal-article" @default.
- W3123383295 hasAuthorship W3123383295A5077346607 @default.
- W3123383295 hasAuthorship W3123383295A5086575441 @default.
- W3123383295 hasConcept C10138342 @default.
- W3123383295 hasConcept C105795698 @default.
- W3123383295 hasConcept C121332964 @default.
- W3123383295 hasConcept C139719470 @default.
- W3123383295 hasConcept C149782125 @default.
- W3123383295 hasConcept C153083717 @default.
- W3123383295 hasConcept C162324750 @default.
- W3123383295 hasConcept C195487862 @default.
- W3123383295 hasConcept C207821765 @default.
- W3123383295 hasConcept C2778300220 @default.
- W3123383295 hasConcept C33923547 @default.
- W3123383295 hasConcept C556758197 @default.
- W3123383295 hasConcept C57879066 @default.
- W3123383295 hasConceptScore W3123383295C10138342 @default.
- W3123383295 hasConceptScore W3123383295C105795698 @default.
- W3123383295 hasConceptScore W3123383295C121332964 @default.
- W3123383295 hasConceptScore W3123383295C139719470 @default.
- W3123383295 hasConceptScore W3123383295C149782125 @default.
- W3123383295 hasConceptScore W3123383295C153083717 @default.
- W3123383295 hasConceptScore W3123383295C162324750 @default.
- W3123383295 hasConceptScore W3123383295C195487862 @default.
- W3123383295 hasConceptScore W3123383295C207821765 @default.
- W3123383295 hasConceptScore W3123383295C2778300220 @default.
- W3123383295 hasConceptScore W3123383295C33923547 @default.
- W3123383295 hasConceptScore W3123383295C556758197 @default.
- W3123383295 hasConceptScore W3123383295C57879066 @default.
- W3123383295 hasIssue "9" @default.
- W3123383295 hasLocation W31233832951 @default.
- W3123383295 hasLocation W31233832952 @default.
- W3123383295 hasLocation W31233832953 @default.
- W3123383295 hasOpenAccess W3123383295 @default.
- W3123383295 hasPrimaryLocation W31233832951 @default.
- W3123383295 hasRelatedWork W2022692243 @default.
- W3123383295 hasRelatedWork W2030617584 @default.
- W3123383295 hasRelatedWork W2785170743 @default.
- W3123383295 hasRelatedWork W2953327502 @default.
- W3123383295 hasRelatedWork W3039725372 @default.
- W3123383295 hasRelatedWork W3113822034 @default.
- W3123383295 hasRelatedWork W3123496990 @default.
- W3123383295 hasRelatedWork W3128025644 @default.
- W3123383295 hasRelatedWork W3138439101 @default.
- W3123383295 hasRelatedWork W4324148033 @default.
- W3123383295 hasVolume "12" @default.
- W3123383295 isParatext "false" @default.
- W3123383295 isRetracted "false" @default.
- W3123383295 magId "3123383295" @default.
- W3123383295 workType "article" @default.