TY - GEN
T1 - Research on the cumulative effect of financial innovation by chaos model
AU - Han, Guo Wen
AU - Young, Warren
PY - 2007
Y1 - 2007
N2 - Based on an understanding and analysis of the complexity of a financial system and the chaotic features of its evolution, we focus upon how chaotic rules impact on financial innovation in the perspective of chaotic economic theory. A chaotic model of the cumulative effect of financial innovation is set up to study the factors affecting the cumulative effect of financial innovation. These include the impetus for innovation within the financial system itself, the pulling force of economic growth, regulation, and the factors that also slow down financial evolution. All of these influences are dictated by chaotic rules. Our approach should provide both deeper understanding and a wider basis for a regulatory authority to apply control in financial innovation.
AB - Based on an understanding and analysis of the complexity of a financial system and the chaotic features of its evolution, we focus upon how chaotic rules impact on financial innovation in the perspective of chaotic economic theory. A chaotic model of the cumulative effect of financial innovation is set up to study the factors affecting the cumulative effect of financial innovation. These include the impetus for innovation within the financial system itself, the pulling force of economic growth, regulation, and the factors that also slow down financial evolution. All of these influences are dictated by chaotic rules. Our approach should provide both deeper understanding and a wider basis for a regulatory authority to apply control in financial innovation.
KW - Chaos model
KW - Cumulative effect
KW - Financial innovation
UR - http://www.scopus.com/inward/record.url?scp=40549090923&partnerID=8YFLogxK
U2 - 10.1109/ICSSSM.2007.4280089
DO - 10.1109/ICSSSM.2007.4280089
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AN - SCOPUS:40549090923
SN - 1424408857
SN - 9781424408856
T3 - Proceedings - ICSSSM'07: 2007 International Conference on Service Systems and Service Management
BT - Proceedings - ICSSSM'07
T2 - ICSSSM'07: 2007 International Conference on Service Systems and Service Management
Y2 - 9 June 2007 through 11 June 2007
ER -