DocumentCode
1661955
Title
Self-organization of international financial crises
Author
Kaizoji, Taisei
Author_Institution
Div. of Social Sci., Int. Christian Univ., Tokyo, Japan
Volume
2
fYear
1999
fDate
6/21/1905 12:00:00 AM
Firstpage
616
Abstract
We propose a dynamic model of financial markets which a large number of interacting traders forms by using a synergetic approach (Weidlich and Haag, 1983). We consider an international financial system which consists of two currency blocs. Each currency bloc has the markets for three securities (a stock, a bond, and a domestic currency). We show the characteristic patterns of speculative prices (speculative bubbles and the burst, and the triple merit (the triple demerit)) which are generated by investor sentiment
Keywords
economic cybernetics; bond; burst; currency blocs; domestic currency; dynamic model; financial markets; interacting traders; international financial crises; international financial system; investor sentiment; securities; self-organization; speculative bubbles; speculative prices; stock; synergetic approach; triple demerit; triple merit; Bonding; Chaos; Character generation; Investments; Security; Stock markets;
fLanguage
English
Publisher
ieee
Conference_Titel
Systems, Man, and Cybernetics, 1999. IEEE SMC '99 Conference Proceedings. 1999 IEEE International Conference on
Conference_Location
Tokyo
ISSN
1062-922X
Print_ISBN
0-7803-5731-0
Type
conf
DOI
10.1109/ICSMC.1999.825331
Filename
825331
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