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

摘要：

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.

关键词： financial innovation financial supervision financial system nonlinear dynamic theory chaos control

作者: Lihua Li Qiang Zhang

作者单位: College of Finance, Hunan University, Changsha, 410079, China

会议类型: 国际会议

会议名称: 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)

会议地点: 重庆

会议语种:英文

页码: 652-656

在线出版日期: 2010-06-12（万方平台首次上网日期，不代表论文的发表时间）