Financial catastrophes are sometimes more endogenous Nuclear Swans than exogenous Black Swans

Financial catastrophes are sometimes more endogenous Nuclear Swans than exogenous Black Swans

There are two types of financial crises: 1) Exogenous types arising first in the real economy and then transferring to the financial markets, and 2) Endogenous types arising within the financial markets themselves (and then potentially transferring to real economies depending on their severity). In...

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Auteurs principaux: Bonnet, Alexis, Lehtimaki, Marko
Format: Article ou chapitre numérique
Langue:Français
Publié: 2020
Accès en ligne:Accès Université d'Orléans et IFPM
Accès Université d'Orléans et IFPM
id cairn-RINDU1_203_0106
record_format cairn
spelling cairn-RINDU1_203_0106RINDU1Annales des Mines - Réalités industrielles https://stm.cairn.info/revue-realites-industrielles-2020-3-page-106?lang=en https://doi.org/10.3917/rindu1.203.0106 Financial catastrophes are sometimes more endogenous Nuclear Swans than exogenous Black Swans Bonnet, AlexisLehtimaki, Marko2020 fre Annales des Mines - Réalités industrielles | Août 2020 | 3 | 2020-07-10 | p. 106-109 | 1148-7941 RINDU1_20323 There are two types of financial crises: 1) Exogenous types arising first in the real economy and then transferring to the financial markets, and 2) Endogenous types arising within the financial markets themselves (and then potentially transferring to real economies depending on their severity). In the current paper we examine the nature of the endogenous financial crises, and their common origins in over-reliance on financial models, and implementation via financial derivatives.Cairn free access
language Français
format Article ou chapitre numérique
building 0/Bibliothèque numérique/
1/Bibliothèque numérique/Cairn/
description There are two types of financial crises: 1) Exogenous types arising first in the real economy and then transferring to the financial markets, and 2) Endogenous types arising within the financial markets themselves (and then potentially transferring to real economies depending on their severity). In the current paper we examine the nature of the endogenous financial crises, and their common origins in over-reliance on financial models, and implementation via financial derivatives.
author Bonnet, Alexis
Lehtimaki, Marko
spellingShingle Bonnet, Alexis
Lehtimaki, Marko
Financial catastrophes are sometimes more endogenous Nuclear Swans than exogenous Black Swans
author_facet Bonnet, Alexis
Lehtimaki, Marko
author_sort Bonnet, Alexis
title Financial catastrophes are sometimes more endogenous Nuclear Swans than exogenous Black Swans
title_short Financial catastrophes are sometimes more endogenous Nuclear Swans than exogenous Black Swans
title_full Financial catastrophes are sometimes more endogenous Nuclear Swans than exogenous Black Swans
title_fullStr Financial catastrophes are sometimes more endogenous Nuclear Swans than exogenous Black Swans
title_full_unstemmed Financial catastrophes are sometimes more endogenous Nuclear Swans than exogenous Black Swans
title_sort financial catastrophes are sometimes more endogenous nuclear swans than exogenous black swans
publishDate 2020
container_title
container_issue
url https://ezproxy.univ-orleans.fr/login?url=https://stm.cairn.info/revue-realites-industrielles-2020-3-page-106?lang=en
https://ezproxy.univ-orleans.fr/login?url=https://doi.org/10.3917/rindu1.203.0106
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