Abstract
The chapter analyzes the basics of systems theory which can be used in the modeling of financial system dynamics. To understand the oscillatory behaviour that dynamical systems exhibit in certain cases benchmark examples of oscillators are given. Moreover, the following properties are analyzed: phase diagram, isoclines, attractors, local stability, bifurcations of fixed points and chaos properties.
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Rigatos, G.G. (2017). Systems Theory and Stability Concepts. In: State-Space Approaches for Modelling and Control in Financial Engineering. Intelligent Systems Reference Library, vol 125. Springer, Cham. https://doi.org/10.1007/978-3-319-52866-3_1
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DOI: https://doi.org/10.1007/978-3-319-52866-3_1
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Publisher Name: Springer, Cham
Print ISBN: 978-3-319-52865-6
Online ISBN: 978-3-319-52866-3
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