We provide conditions for local stability and instability of an equilibrium point in certain systems of nonautonomous …

characteristic of the three generations of models; 2. Models based on financial instability hypothesis, taking into account both the …’s concept of financial instability and then analized the content of some simplified models. * Articol realizat in cadrul …

We study a model in which two players with opposing interests try to alter a status quo through instability …-generating actions. We show that instability can be used to secure longer-term durable changes, even if it is costly to generate and does … not generate short-term gains. In equilibrium, instability generated by a player decreases when the status quo favors them …

instability with the incentives behind the traditional equilibrium approach leading to market stability to provide a framework for … instability created by the expansion, through securitization, of the mortgage market as an example of these changes. …