Articles on Issue Theme
Aurel IANCU
Academia Română
This survey analyses two types of models: 1. Models based on assumptions of monetary and financial market equilibrium disturbance in line with mainstream thinking to believe that is self-regulating market, the units would have rational expectations, and the crisis would be a temporary phenomenon caused by exogenous shocks. Here are the main objectives and features characteristic of the three generations of models; 2. Models based on financial instability hypothesis, taking into account both the dynamics of financial market as well as the role of uncertainty, interdependency and dynamic complexity. Here is shown Minsky’s concept of financial instability and then analysed the content of some simplified models.
ŒCONOMICA no. 3/2010
Keywords: instability, model generations, balance sheet, hedge units, speculative units, Ponzi units, cyclical fluctuations, complexity
JEL: C61, C62, C83, D84, E12, E13, E32, F44
Sinteză privind modelarea fragilităţii sistemului financiar
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Octavian-Dragomir JORA
Academia de Studii Economice din Bucureşti

Tudor Constantin BĂLAN
University of Oxford

Marius-Cristian PANĂ
Academia de Studii Economice din Bucureşti

Adela BĂLAN
Academia de Studii Economice din Bucureşti

Ana Octavia ALBU
Academia de Studii Economice din Bucureşti

Adrian-Ioan DAMOC
Academia de Studii Economice din Bucureşti

Emmanuel Olusegun STOBER
Academia de Studii Economice din Bucureşti

Sorin-Nicolae CURCĂ
Academia Română

Florin DĂNESCU
Academia de Studii Economice din Bucureşti

Alexandru POPOVICI
Academia de Studii Economice din Bucureşti

Mohammed AL-NASSERY
Universitatea Naţională de Apărare “Carol I”

Mihai LĂCĂTUŞ
Universitatea Babeş-Bolyai din Cluj-Napoca

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