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Lack of Critical Slowing Down Suggests that Financial Meltdowns Are Not Critical Transitions, yet Rising Variability Could Signal Systemic Risk

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 dynamical systems have shown that approach to tipping points is preceded b...

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Detalles Bibliográficos
Autores principales: Guttal, Vishwesha, Raghavendra, Srinivas, Goel, Nikunj, Hoarau, Quentin
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Public Library of Science 2016
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4711996/
https://www.ncbi.nlm.nih.gov/pubmed/26761792
http://dx.doi.org/10.1371/journal.pone.0144198