Now showing items 1-4 of 4
Examining the dynamical transition in the Dow Jones Industrial Index from Bull to Bear market using Recurrence Quantification Analysis
We present evidence of phase transitions (periodic to chaotic and chaotic to chaotic) in the Dow Jones Industrial Index as it transitions from Bull to Bear market. There is also evidence of a completely unpredictable (i.e., ...
Economics, politics and democracy in the age of credit-rating capitalism
(Sameeksha Trust, 2013-02-02)
Unlike in earlier major economic crises, the current turmoil in the global economy has seen the consolidation of orthodoxy as the dominant paradigm. This essay traces the political economy of change in the current situation ...
Lack of critical slowing down suggests that financial meltdowns are not critical transitions, yet rising variability could signal systemic risk
(Public Library of Science, 2016-01-13)
Complex systems inspired analysis suggests a hypothesis that financial meltdowns are abrupt critical transitions that occur when the system reaches a tipping point. Theoretical and empirical studies on climatic and ecological ...
Quantitative Risk Estimation in the Credit Default Swap Market using Exteme Value Theory
(National University of Ireland, Galway, 2010)
This paper is motivated by empirical evidence illustrating the non-Gaussian nature of financial returns, (Jondeau et al 2007) and analyses extreme value theory, (EVT) as a proposed improvement (Embrechts et al., 2005) for ...