期刊文献+

Metamorphosis:The Credit Market of Low-Income Households in a Semi-Peripheral Country

原文传递
导出
摘要 In this paper,a theoretical model is developed on the basis of systems theory,which structures the livelihood system of low-income households in a European country characterized by a semi-peripheral economy.Based on the proposed model,the complex system of network connections and formal and informal financial transactions,which households use in their daily lives to cover their expenses,becomes graspable.The proposed theoretical model is analyzed through simulations based on agent-based modelling(ABM)centred on empirical network data.Through the simulations,the author explores the mechanisms of the market and asks what formal and informal credit transactions determine its operation,how these factors shape the local social structure and how resilient the market is to crises.The results show that this dynamic,complex risk-sharing system has an inherent logic and it can mitigate the small liquidity shocks but it is not resistant to bigger financial shocks or overconsumptions.
机构地区 Asia-Europe Institute
出处 《Journal of Systems Science & Complexity》 SCIE EI CSCD 2023年第6期2434-2466,共33页 系统科学与复杂性学报(英文版)
基金 supported by the Hungarian National Research Fund,in the framework of the research project“Moralities of dependent relations in the era of financialisation”under Grant No.K-143543。
  • 相关文献

相关作者

内容加载中请稍等...

相关机构

内容加载中请稍等...

相关主题

内容加载中请稍等...

浏览历史

内容加载中请稍等...
;
使用帮助 返回顶部