Dashboard

JP Bouchaud - marginal stability

Created over 4 years ago, updated about 2 months ago

May's Instability in Large Economies - José Moran, Jean-Philippe Bouchaud

  • how economies are pushed to marginal stability

system's size increases -> May's instability
mark-ups increase - firms seeking profit
connectivity increases
substitutability

liquidity and marginal stability

Turbulence and liquidity cascade - Obizhaeva
Marginal stability and liquidity cascade - Bouchaud
Inelastic market hypothesis and liquidity cascade - Bouchaud - index inflow multiplier

Parents