Synchrony in Broadband Fluctuation and the 2008 Financial Crisis

We propose phase-like characteristics in scale-free broadband processes and consider fluctuation synchrony based on the temporal signature of significant amplitude fluctuation. Using wavelet transform, successful captures of similar fluctuation pattern between such broadband processes are demonstrat...

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Detalles Bibliográficos
Autor principal: Lin, Der Chyan
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Public Library of Science 2013
Materias:
Research Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3810396/
https://www.ncbi.nlm.nih.gov/pubmed/24204782
http://dx.doi.org/10.1371/journal.pone.0077254
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author Lin, Der Chyan
author_facet Lin, Der Chyan
author_sort Lin, Der Chyan
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description We propose phase-like characteristics in scale-free broadband processes and consider fluctuation synchrony based on the temporal signature of significant amplitude fluctuation. Using wavelet transform, successful captures of similar fluctuation pattern between such broadband processes are demonstrated. The application to the financial data leading to the 2008 financial crisis reveals the transition towards a qualitatively different dynamical regime with many equity price in fluctuation synchrony. Further analysis suggests an underlying scale free “price fluctuation network” with large clustering coefficient.
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spelling pubmed-38103962013-11-07 Synchrony in Broadband Fluctuation and the 2008 Financial Crisis Lin, Der Chyan PLoS One Research Article We propose phase-like characteristics in scale-free broadband processes and consider fluctuation synchrony based on the temporal signature of significant amplitude fluctuation. Using wavelet transform, successful captures of similar fluctuation pattern between such broadband processes are demonstrated. The application to the financial data leading to the 2008 financial crisis reveals the transition towards a qualitatively different dynamical regime with many equity price in fluctuation synchrony. Further analysis suggests an underlying scale free “price fluctuation network” with large clustering coefficient. Public Library of Science 2013-10-28 /pmc/articles/PMC3810396/ /pubmed/24204782 http://dx.doi.org/10.1371/journal.pone.0077254 Text en © 2013 Der Chyan Lin http://creativecommons.org/licenses/by/4.0/ This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are properly credited.
spellingShingle Research Article
Lin, Der Chyan
Synchrony in Broadband Fluctuation and the 2008 Financial Crisis
title Synchrony in Broadband Fluctuation and the 2008 Financial Crisis
title_full Synchrony in Broadband Fluctuation and the 2008 Financial Crisis
title_fullStr Synchrony in Broadband Fluctuation and the 2008 Financial Crisis
title_full_unstemmed Synchrony in Broadband Fluctuation and the 2008 Financial Crisis
title_short Synchrony in Broadband Fluctuation and the 2008 Financial Crisis
title_sort synchrony in broadband fluctuation and the 2008 financial crisis
topic Research Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3810396/
https://www.ncbi.nlm.nih.gov/pubmed/24204782
http://dx.doi.org/10.1371/journal.pone.0077254
work_keys_str_mv AT linderchyan synchronyinbroadbandfluctuationandthe2008financialcrisis

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