Mathematics underlying the 2008 financial crisis, and a possible remedy
V. P. Maslov (1, 2), V. E. Nazaikinskii (2) ((1) Moscow State, University, (2) Institute for Problems in Mechanics, RAS, Moscow)
TL;DR
This paper discusses the mathematical foundations of the 2008 financial crisis and explores potential remedies, but has been withdrawn due to overlap with more detailed subsequent publications.
Contribution
It initially aimed to connect mathematical models with economic insights into the crisis, but was superseded by more comprehensive papers.
Findings
Mathematical analysis of financial crisis mechanisms
Proposed remedies based on mathematical and economic models
Identified limitations in existing financial models
Abstract
This paper has been withdrawn by the authors, because it has been made obsolete by the detailed expositions in our papers in arXiv:0812.4885 (the mathematics part) and arXiv:0812.4737 (the economics part).
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Taxonomy
TopicsEconomic theories and models