According to the risk management process of financial markets,a financial risk dynamic system is constructed in this paper.Through analyzing the basic dynamic properties,we obtain the conditions for stability and bifu...According to the risk management process of financial markets,a financial risk dynamic system is constructed in this paper.Through analyzing the basic dynamic properties,we obtain the conditions for stability and bifurcation of the system based on Hopf bifurcation theory of nonlinear dynamic systems.In order to make the system＇s chaos disappear,we select the feedback gain matrix to design a class of chaotic controller.Numerical simulations are performed to reveal the change process of financial market risk.It is shown that,when the parameter of risk transmission rate changes,the system gradually comes into chaos from the asymptotically stable state through bifurcation.The controller can then control the chaos effectively.展开更多
China’s top financial regulators have warned about risks in complicated financial products and banks’off-balance sheet business,in a bid to prevent cross-market risk contagion,according to senior officials recently.
Nowadays, a shortage of funds has evolved into general business issues because raise the necessary funds is the necessary requirement to develop and expand the companies’ scale. The funding would have to face all kin...Nowadays, a shortage of funds has evolved into general business issues because raise the necessary funds is the necessary requirement to develop and expand the companies’ scale. The funding would have to face all kinds of risks associated. Although funding risk cannot be completely eliminated, but the company can be based on their own development needs, and actively respond to risk fi nancing based on their own conditions. In this paper, the business fi nancing risk coping strategies is presented based on analysis of the reasons of business fi nancing risk.展开更多
For discrete time case a characterization of locally risk-minimizing strategies is given. Based on this characterization, it is evident that risk-minimizing strategies must be locally risk-minimizing.
基金Project supported by the National Natural Science Foundation of China (Grant No. 70271068)
文摘According to the risk management process of financial markets,a financial risk dynamic system is constructed in this paper.Through analyzing the basic dynamic properties,we obtain the conditions for stability and bifurcation of the system based on Hopf bifurcation theory of nonlinear dynamic systems.In order to make the system＇s chaos disappear,we select the feedback gain matrix to design a class of chaotic controller.Numerical simulations are performed to reveal the change process of financial market risk.It is shown that,when the parameter of risk transmission rate changes,the system gradually comes into chaos from the asymptotically stable state through bifurcation.The controller can then control the chaos effectively.
文摘China’s top financial regulators have warned about risks in complicated financial products and banks’off-balance sheet business,in a bid to prevent cross-market risk contagion,according to senior officials recently.
文摘Nowadays, a shortage of funds has evolved into general business issues because raise the necessary funds is the necessary requirement to develop and expand the companies’ scale. The funding would have to face all kinds of risks associated. Although funding risk cannot be completely eliminated, but the company can be based on their own development needs, and actively respond to risk fi nancing based on their own conditions. In this paper, the business fi nancing risk coping strategies is presented based on analysis of the reasons of business fi nancing risk.
文摘For discrete time case a characterization of locally risk-minimizing strategies is given. Based on this characterization, it is evident that risk-minimizing strategies must be locally risk-minimizing.
