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Transformation of the capital market stability model under the influence of the financial globalization

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dc.contributor.author Akhmetov R.
dc.date.accessioned 2018-09-18T20:28:26Z
dc.date.available 2018-09-18T20:28:26Z
dc.date.issued 2015
dc.identifier.issn 1911-2017
dc.identifier.uri https://dspace.kpfu.ru/xmlui/handle/net/140260
dc.description.abstract © 2015, Asian Social Science. All rights reserved. In the course of economic globalization a process of formation of the united financial market has evolved. Integratedness of different sectors of financial market into its global form is largely stipulated by development of financial innovations and of new financial instruments. Subjacent and timeless nature of modern financial transactions leads to blurring of distinction between money and capital markets. The united market means a gradual merge of financial risks and increase of volumes and unpredictability of aggregate risk in the result of synergetic effect contained in the nature of financial market as of a nonlinear dynamical system. Serious influence on stability of financial market has a behavioral psychology of its participants that is connected with reflexivity specific to financial capital. Financial market can be described only by nonlinear stochastic equations. In this article we made the efforts to set the parameters for such a model. Basing on non-stability of a global financial market and under influence of globalization factors it was concluded that it is necessary to check the hypotheses on formation of a financial cycle apart from general business cycle.
dc.relation.ispartofseries Asian Social Science
dc.subject Financial cycle
dc.subject Financial globalization
dc.subject Financial market stability
dc.subject Nonlinear dynamical systems
dc.subject Securitization
dc.title Transformation of the capital market stability model under the influence of the financial globalization
dc.type Article
dc.relation.ispartofseries-issue 11
dc.relation.ispartofseries-volume 11
dc.collection Публикации сотрудников КФУ
dc.relation.startpage 123
dc.source.id SCOPUS19112017-2015-11-11-SID84929304523


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  • Публикации сотрудников КФУ Scopus [24551]
    Коллекция содержит публикации сотрудников Казанского федерального (до 2010 года Казанского государственного) университета, проиндексированные в БД Scopus, начиная с 1970г.

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