18 Pages Posted: 22 Oct 2014 Last revised: 27 Jun 2017
Date Written: October 20, 2014
Why are the financial markets so problematical? One reason is that the markets consist of many systems – having other complex systems as components – that interact in complicated ways. The focus of this paper is to understand the complexity of financial systems in terms of several properties that are characteristic of large, diverse, complex systems.
Keywords: financial systems of systems
JEL Classification: O33, D49, G2
Suggested Citation: Suggested Citation
Freedman, Roy S, Understanding the Complexity of Financial Systems of Systems (October 20, 2014). NYU Tandon Research Paper No. 2512307. Available at SSRN: https://ssrn.com/abstract=2512307 or http://dx.doi.org/10.2139/ssrn.2512307