Mostrar el registro sencillo del ítem
dc.contributor.author
Pazzi, Jorge Horacio
dc.contributor.author
Tohmé, Fernando Abel
dc.date.available
2021-07-15T15:42:57Z
dc.date.issued
2005-11
dc.identifier.citation
Pazzi, Jorge Horacio; Tohmé, Fernando Abel; A Fuzzy Characterization of Uncertainty in Financial Crises; International Association for Fuzzy-Set Management and Economy; Fuzzy Economic Review; 10; 2; 11-2005; 61-70
dc.identifier.issn
1136-0593
dc.identifier.uri
http://hdl.handle.net/11336/136215
dc.description.abstract
The so-called first and second generation models focus on fundamentals as the main cause of a crisis. During the 1990s many developing economies underwent structural reforms, which lead to an improvement of those fundamentals. Hence, at that time, the stability of the domestic financial systems seemed basically guaranteed. However, this confidence was shattered by the outbreak of the financial crises of the second half of the decade. Some of them were certainly due to weak fundamentals in the affected economies. But other crises seemed to be engen-dered just because of wrong or misleading perceptions on the part of economic agents. The paper argues that a main source for these misperceptions is the way in which agents hedge their funds, on the basis of their assessment of the inner workings of the financial system. To support this claim, a simple model with a fuzzy measure of the risk of assets is introduced.
dc.format
application/pdf
dc.language.iso
eng
dc.publisher
International Association for Fuzzy-Set Management and Economy
dc.rights
info:eu-repo/semantics/openAccess
dc.rights.uri
https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
dc.subject
DOLLARIZATION
dc.subject
FINANCIAL CRISES
dc.subject
FUZZY MEASURES OF UNCERTAINTY
dc.subject
HEDGING
dc.subject
SYSTEMIC RISK
dc.subject.classification
Otras Economía y Negocios
dc.subject.classification
Economía y Negocios
dc.subject.classification
CIENCIAS SOCIALES
dc.title
A Fuzzy Characterization of Uncertainty in Financial Crises
dc.type
info:eu-repo/semantics/article
dc.type
info:ar-repo/semantics/artículo
dc.type
info:eu-repo/semantics/publishedVersion
dc.date.updated
2021-02-10T17:00:17Z
dc.identifier.eissn
2445-4192
dc.journal.volume
10
dc.journal.number
2
dc.journal.pagination
61-70
dc.journal.pais
España
dc.journal.ciudad
Tarragona
dc.description.fil
Fil: Pazzi, Jorge Horacio. Universidad Nacional del Sur. Departamento de Economía; Argentina
dc.description.fil
Fil: Tohmé, Fernando Abel. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - Bahía Blanca. Instituto de Investigaciones Económicas y Sociales del Sur. Universidad Nacional del Sur. Departamento de Economía. Instituto de Investigaciones Económicas y Sociales del Sur; Argentina
dc.journal.title
Fuzzy Economic Review
dc.relation.alternativeid
info:eu-repo/semantics/altIdentifier/url/http://www.sigef.net/2014-09-26-07-16-23/summaries-and-abstracts/item/388-a-fuzzy-characterization-of-uncertainty-in-financial-crises
dc.relation.alternativeid
info:eu-repo/semantics/altIdentifier/doi/http://dx.doi.org/10.25102/fer.2005.02.05
Archivos asociados