Abstract
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.
| Original language | English |
|---|---|
| Title of host publication | Proceedings - ICSSSM'07 |
| Subtitle of host publication | 2007 International Conference on Service Systems and Service Management |
| DOIs | |
| State | Published - 2007 |
| Event | ICSSSM'07: 2007 International Conference on Service Systems and Service Management - Changdu, China Duration: 9 Jun 2007 → 11 Jun 2007 |
Publication series
| Name | Proceedings - ICSSSM'07: 2007 International Conference on Service Systems and Service Management |
|---|
Conference
| Conference | ICSSSM'07: 2007 International Conference on Service Systems and Service Management |
|---|---|
| Country/Territory | China |
| City | Changdu |
| Period | 9/06/07 → 11/06/07 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 8 Decent Work and Economic Growth
Keywords
- Chaos model
- Cumulative effect
- Financial innovation
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