The Emergence of Bull and Bear Dynamics in a Nonlinear Model of Interacting Markets
Joint Authors
Dieci, Roberto
Gardini, Laura
Tramontana, Fabio
Westerhoff, Frank
Source
Discrete Dynamics in Nature and Society
Issue
Vol. 2009, Issue 2009 (31 Dec. 2009), pp.1-30, 30 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2009-07-12
Country of Publication
Egypt
No. of Pages
30
Main Subjects
Abstract EN
We develop a three-dimensional nonlinear dynamic model in which the stock markets of two countries are linked through the foreign exchange market.
Connections are due to the trading activity of heterogeneous speculators.
Using analytical and numerical tools, we seek to explore how the coupling of the markets may affect the emergence of bull and bear market dynamics.
The dimension of the model can be reduced by restricting investors' trading activity, which enables the dynamic analysis to be performed stepwise, from low-dimensional cases up to the full three-dimensional model.
In our paper we focus mainly on the dynamics of the one- and two- dimensional cases, with numerical experiments and some analytical results, and also show that the main features persist in the three-dimensional model.
American Psychological Association (APA)
Tramontana, Fabio& Gardini, Laura& Dieci, Roberto& Westerhoff, Frank. 2009. The Emergence of Bull and Bear Dynamics in a Nonlinear Model of Interacting Markets. Discrete Dynamics in Nature and Society،Vol. 2009, no. 2009, pp.1-30.
https://search.emarefa.net/detail/BIM-462454
Modern Language Association (MLA)
Tramontana, Fabio…[et al.]. The Emergence of Bull and Bear Dynamics in a Nonlinear Model of Interacting Markets. Discrete Dynamics in Nature and Society No. 2009 (2009), pp.1-30.
https://search.emarefa.net/detail/BIM-462454
American Medical Association (AMA)
Tramontana, Fabio& Gardini, Laura& Dieci, Roberto& Westerhoff, Frank. The Emergence of Bull and Bear Dynamics in a Nonlinear Model of Interacting Markets. Discrete Dynamics in Nature and Society. 2009. Vol. 2009, no. 2009, pp.1-30.
https://search.emarefa.net/detail/BIM-462454
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-462454