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Heavy tailed distributions have been observed for various financial risks and papers have observed that these heavy tailed distributions are power law distributions. The breakdown of a power law distribution is also seen as an indicator of a tipping point being reached and a system then moves...
Persistent link: https://www.econbiz.de/10012918315
Financial stability and instability of countries’ economies are of significant interest to economists and politicians as this affects economic growth and the general wellbeing of the population. But determining on a reliable basis the factors that might indicate imminent financial instability...
Persistent link: https://www.econbiz.de/10014092714