1 Instability and Crisis in Financial Complex Systems

  • Lino SAU
  • Published 2010

Abstract

In this paper I try to contrast the Efficient Markets Hypothesis (EMH) with the Financial Instability Hypothesis (FIH) held by Hyman Minsky taking into account the dynamic complexity of financial markets and the role of fundamental uncertainty and organic interdependence. In my opinion this approach may provide indeed analytical tools to explain crisis… (More)

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