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
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;
Conference_Titel :
Information and Financial Engineering (ICIFE), 2010 2nd IEEE International Conference on
Conference_Location :
Chongqing
Print_ISBN :
978-1-4244-6927-7
DOI :
10.1109/ICIFE.2010.5609492