文章基本信息

标题：A Nonlinear Dynamic Model of the Financial Crises Contagions
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作者：Ke Chen ; Yirong Ying
期刊名称：Intelligent Information Management
印刷版ISSN：2150-8194
电子版ISSN：2150-8208
出版年度：2011
卷号：3
期号：1
页码：17-21
DOI：10.4236/iim.2011.31002
出版社：Scientific Research Publishing
摘要：Employing the Differential Dynamics Method, a nonlinear dynamic model is set up to describe the international financial crises contagion within a short time between two countries. The two countries’ control force depending on the timely financial assistance, the positive attitude and actions to rescue other infected countries, and investor confidence aggregation, and the immunity ability of the infected country are considered as the major reasons to drive the nonlinear fluctuations of the stock return rates in both countries during the crisis. According to the Ordinary Differential Equations Qualitative Theory, we found that there are three cases of financial crises contagion within a brief time between two countries: weak contagion with instability but inhibition, contagion with limit and controllable oscillation, and strong contagion without control in a brief time.
关键词：Financial Crises Contagion; Stock Return Rate; Nonlinear Dynamics Model; Limit Cycle