会议专题

Study of Financial Innovation and Financial Supervision Based on Nonlinear Dynamic Theory

With financial liberalization and financial globalization, the financial system has increasingly become an open, nonlinear, complex system. The nonlinear dynamic theory is helpful for dealing with complex systems, so we make use of it to study the stability of financial system. Assuming the financial system compositing of financial innovation and financial supervision, we have deduced a two dimensional nonlinear dynamic financial system, and analyses the stability of this system. We find that when the parameters affecting stability of financial system are beyond its stable reach, the financial system will pass through double periodicity to chaos. And we successfully control chaos by the straight line method.

financial innovation financial supervision financial system nonlinear dynamic theory chaos control

Lihua Li Qiang Zhang

College of Finance, Hunan University, Changsha, 410079, China

国际会议

The 1st International Conference on Sustainable Construction & Risk Management(首届可持续建设与风险管理国际会议)

重庆

英文

652-656

2010-06-12(万方平台首次上网日期,不代表论文的发表时间)