Artikel
How macro transactions describe the evolution and fluctuation of financial variables
The description of the dynamics and fluctuations of macro variables remains one of the most exciting problems of financial economics. This paper models macro variables via the description of transactions between agents. We use risk ratings x of agents as their coordinates in the economic space. Transactions like buy-sell, investment, credits, etc., between agents change their extensive financial and economic variables. Aggregates of transactions between all agents with risk ratings x and y define the macro transactions between points x and y. Macro transactions determine the evolution of macro variables. Interactions between different transactions outline their dynamics and fluctuations. We model macro transactions and the interactions between them by economic hydrodynamic-like equations in the economic space. As an example, for simple model interactions between credit-loans and loans-repayment transactions we derive economic hydrodynamic-like equations and wave equations for near perturbations of macro transactions and study simple wave solutions and their consequences. Waves of macro transactions in the economic space propagate from high to low risk agents or vice versa and define the fluctuations of macro financial variables. The existence and diversity of waves and fluctuations of macro transactions in simple models clarifies the importance of wave processes for macro financial modeling and forecasting.
- Sprache
-
Englisch
- Erschienen in
-
Journal: International Journal of Financial Studies ; ISSN: 2227-7072 ; Volume: 6 ; Year: 2018 ; Issue: 2 ; Pages: 1-19 ; Basel: MDPI
- Klassifikation
-
Wirtschaft
Mathematical and Quantitative Methods: General
Macroeconomics and Monetary Economics: General
International Economics: General
Financial Economics: General
- Thema
-
macro transactions
macro finance
financial waves
risk ratings
economic space
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Olkhov, Victor
- Ereignis
-
Veröffentlichung
- (wer)
-
MDPI
- (wo)
-
Basel
- (wann)
-
2018
- DOI
-
doi:10.3390/ijfs6020038
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Olkhov, Victor
- MDPI
Entstanden
- 2018
Ähnliche Objekte (12)
Locally structured correlation (LSC) plots describe inhomogeneity in normally distributed correlated bivariate variables
Variété et fluctuation
When Should We Describe Species?
Monetary condition index and its changing transmission on macro-economic variables
The Fluctuation of Attention
Microcanonical quantum fluctuation theorems
Finite bath fluctuation theorem
Financial variables, market transactions, and expectations as functions of risk
Determinants of wealth fluctuation: changes in hard-to-measure economic variables in a panel study
Periodic Fluctuation of Tidal Volumes Further Improves Variable Ventilation in Experimental Acute Respiratory Distress Syndrome
Determinants of wealth fluctuation: changes in hard-to-measure economic variables in a panel study
Evaluating functions to describe point patterns
Locally structured correlation (LSC) plots describe inhomogeneity in normally distributed correlated bivariate variables
Variété et fluctuation
When Should We Describe Species?
Monetary condition index and its changing transmission on macro-economic variables
The Fluctuation of Attention
Microcanonical quantum fluctuation theorems
Finite bath fluctuation theorem
Financial variables, market transactions, and expectations as functions of risk
Determinants of wealth fluctuation: changes in hard-to-measure economic variables in a panel study
Periodic Fluctuation of Tidal Volumes Further Improves Variable Ventilation in Experimental Acute Respiratory Distress Syndrome
Determinants of wealth fluctuation: changes in hard-to-measure economic variables in a panel study
Evaluating functions to describe point patterns
Locally structured correlation (LSC) plots describe inhomogeneity in normally distributed correlated bivariate variables
Variété et fluctuation
When Should We Describe Species?
Monetary condition index and its changing transmission on macro-economic variables
The Fluctuation of Attention
Microcanonical quantum fluctuation theorems
Finite bath fluctuation theorem
Financial variables, market transactions, and expectations as functions of risk
Determinants of wealth fluctuation: changes in hard-to-measure economic variables in a panel study
Periodic Fluctuation of Tidal Volumes Further Improves Variable Ventilation in Experimental Acute Respiratory Distress Syndrome
Determinants of wealth fluctuation: changes in hard-to-measure economic variables in a panel study