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Contribution Details

Type Journal Article
Scope Discipline-based scholarship
Title Complexity theory and financial regulation
Organization Unit
Authors
  • Stefano Battiston
  • J Doyne Farmer
  • Andreas Flache
  • Diego Garlaschelli
  • Andrew G Haldane
  • Hans Heesterbeek
  • Cars Hommes
  • Carlo Jaeger
  • Robert May
  • Marten Scheffer
Item Subtype Original Work
Refereed Yes
Status Published in final form
Language
  • English
Journal Title Science
Publisher American Association for the Advancement of Science
Geographical Reach international
ISSN 0036-8075
Volume 351
Number 6275
Page Range 818 - 819
Date 2016
Abstract Text Traditional economic theory could not explain, much less predict, the near collapse of the financial system and its long-lasting effects on the global economy. Since the 2008 crisis, there has been increasing interest in using ideas from complexity theory to make sense of economic and financial markets. Concepts, such as tipping points, networks, contagion, feedback, and resilience have entered the financial and regulatory lexicon, but actual use of complexity models and results remains at an early stage. Recent insights and techniques offer potential for better monitoring and management of highly interconnected economic and financial systems and, thus, may help anticipate and manage future crises
Free access at DOI
Digital Object Identifier 10.1126/science.aad0299
Other Identification Number merlin-id:13253
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Additional Information Erschienen in Science (Policy Forum)