• DocumentCode
    2671034
  • Title

    Prediction and control of financial crisis based on chaotic system

  • Author

    Wang, Yuepeng ; Yang, Wu ; Li, Keli ; Hu, Feng

  • Author_Institution
    Coll. of Math. & Inf. Sci., Guangxi Univ., Nanning, China
  • fYear
    2010
  • fDate
    17-19 Sept. 2010
  • Firstpage
    865
  • Lastpage
    869
  • Abstract
    Since chaos in economics been discovered, more and more chaos theory is applied to the study of economics and finance. Since the nineties of last century to the present, a lot of the financial crisis occurred, and even the global financial crisis, just like 2007-2008 global ciris. Many of the financial crisis, the phenomenon can be well explained by chaos theory, more and more people focus on how to use chaotic systems to control financial crisis. Many new models have been proposed and validated, but the financial crisis has not been effectively controlled. In summing up some of my previous work based on the use of lyapunov index gives a prediction method and a perturbation control method based on cycle control scheme.
  • Keywords
    economic cycles; financial management; risk management; Duffing Holmes model; Lyapunov index; chaotic system; cycle control; financial crisis; perturbation control; prediction method; Chaos; Crisis management; Economic indicators; Finance; Force; Government; Indexes; Duffing-Holmes model; chaos time series; financial crisis; risk management;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Information and Financial Engineering (ICIFE), 2010 2nd IEEE International Conference on
  • Conference_Location
    Chongqing
  • Print_ISBN
    978-1-4244-6927-7
  • Type

    conf

  • DOI
    10.1109/ICIFE.2010.5609492
  • Filename
    5609492