Complexity of Financial Markets and Risk Management

Author: Li Hongquan
Publisher:
Publish Date: 2006-12-01
Features: This book starts from the complexity and nonlinear nature of financial markets, employing the ideas and analytical methods of evolutionary finance and system dynamics to conduct an in-depth analysis of the complex dynamic behavior of financial markets. It uncovers the fundamental characteristics of financial markets and the chaotic dynamic evolution process, revealing the operational principles of financial markets, the formation conditions of market states, and the evolutionary mechanisms of financial risks. In accordance with international standards and requirements for risk management, it systematically investigates the sources, identification, measurement, management, and control of risks in complex financial systems, proposing new risk concepts and scientific risk management methods.