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The microeconomic foundations of instability in financial markets

Kirman, Alan P. - In: Long memory in economics : with 50 tables, (pp. 311-344). 2006

Persistent link: https://www.econbiz.de/10003375653

The financial crisis and the systemic failure of the economics profession

Colander, David C.; Goldberg, Michael D.; Haas, Armin; … - In: What caused the financial crisis, (pp. 262-278). 2011

Persistent link: https://www.econbiz.de/10008902460

Epidemics of rules, rational negligence and market crashes

Anand, Kartik; Kirman, Alan P.; Marsili, Matteo - In: The European journal of finance 19 (2013) 5/6, pp. 438-447

Persistent link: https://www.econbiz.de/10010243604

Resilient financial systems can soften the next Global Financial Crisis

Hynes, William; Trump, Benjamin D.; Love, Patrick; … - In: Challenge : the magazine of economic affairs 63 (2020) 6, pp. 311-318

Persistent link: https://www.econbiz.de/10012414368

Systemic risk in banking, fire sales, and macroeconomic disasters

Bougheas, Spiros P.; Harvey, David I.; Kirman, Alan P.; … - 2024

We develop a dynamic computational network model of the banking system where fire sales provide the amplification mechanism of financial shocks. Each period a finite number of banks offers a large, but finite, number of loans to households. Banks with excess liquidity also offer loans to other...

Persistent link: https://www.econbiz.de/10014490902

The end of theory : financial crises, the failure of economics, and the sweep of human interaction

Bookstaber, Richard M. - 2017

Machine generated contents note: -- I: Introduction 1 1 Crises and Sunspots 3 2 Being Human 14 II: The Four Horsemen 23 3 Social Interactions and Computational Irreducibility 25 4 The Individual and the Human Wave: Emergent Phenomena 34 5 Context and Ergodicity 40 6 Human Experience and Radical...