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The Genesis of Uncertainty: Structural Analysis of Stochastic Chaos in Finance Markets
Complexity. 2023. Vol. 2023. No. 1. Article 1302220.
Te presented article is methodological in nature and is devoted to the analysis of observation series of fnancial asset quotation
changes in capital markets. Te most important feature of these processes is their instability, which manifests itself in high
sensitivity to seemingly minor disturbing factors. Tis phenomenon is well-studied in the theory of nonlinear dynamical systems
and is described by models of deterministic chaos. However, for the processes considered in the article, the dynamic instability of
the immersion environment is exacerbated by stochastic uncertainty caused by random fuctuations in the pricing process. As
a result, describing observation series of quotations of fnancial assets is difcult because it involves stochastic chaos. Tis article
analyzes and classifes chaotic series of observations to help model and forecast related processes.
Language:
English
Keywords: Stochastic chaos
Rincon C. J., Journal of Economic Studies 2026 P. 1–18
Purpose
This study assesses the impact of the European Central Bank's (ECB) Unconventional Monetary Policy (UMP) on economic growth via its effects on sovereign bond yields in the Eurozone. Unlike previous studies that focus on high-frequency data and short-term effects, this study provides evidence on the long-term effects of the ECB's asset purchases on key macroeconomic ...
Added: June 2, 2026
Zasimova L. S., Biryukova A., Вопросы статистики 2026 Т. 33 № 2 С. 40–57
The paper examines changes in the economic affordability of cigarettes in Russian regions in 2011–2023. Using fixed-effects models, it estimates the impact of prices, incomes, and tobacco affordability (the ratio of per capita income to cigarette price), on three indicators: retail sales of cigarettes per capita, adult population spending on tobacco products, and the share of these ...
Added: June 1, 2026
Saakyan T. V., Региональная экономика и управление: электронный научный журнал 2023 № 4 (76) Статья 41
The article is devoted to the analysis of conditions influencing the choice of the option of selecting the recipients of subsidies in order to provide them with state budget support. The results of the analysis of possible actions of subnational authorities and local governments in the transition to a new procedure for selecting recipients of ...
Added: June 1, 2026
Saakyan T. V., Финансовые рынки и банки 2024 № 4 С. 92–100
The publication presents the results of a study focusing on the legal foundations and practical aspects of state financial control in the Russian Federation. Particular attention is paid to the analysis of legal regulations governing control activities aimed at assessing compliance with the requirements of Russian legislation by participants in relations arising in the process ...
Added: June 1, 2026
Saakyan T. V., Финансовые рынки и банки 2024 № 8 С. 52–64
The article is devoted to the review of the development of legislative and regulatory legal acts in terms of gradual unification and standardization of legal regulation of the provision of state support in the form of subsidies and gradual transition to unified rules for the provision of subsidies and the procedure for selecting recipients. The ...
Added: June 1, 2026
Saakyan T. V., Тихонова А. С., ЧЕЛОВЕК. СОЦИУМ. ОБЩЕСТВО (Российская Федерация) 2024 № 11 С. 179–191
In accordance with Russian legislation in the field of real estate, the involvement of an independent evaluator is a prerequisite for determining the initial (minimum) price of the object of tendering for the right to conclude a lease contract. The current procedure for determining the rental value of real property does not ensure a proper ...
Added: June 1, 2026
Saakyan T. V., Ключников О. И., Ученые записки Международного банковского института 2024 № 2(48) С. 129–143
Subject: green finance as a new market-state mechanism for optimizing human interactions with nature. The purpose of the article: the study of the mechanism of market development and government regulation from the perspective of pricing features of green financial products.
Method: the study used contextual analysis as well as comparisons.
Results: in comparison with the available literature, ...
Added: June 1, 2026
Saakyan T. V., Ключников И. К., Ученые записки Международного банковского института 2024 № 4 С. 125–150
Subject. Subsidies as a fiscal instrument used to support socially significant industries, as well as to stabilize the level of domestic prices. The purpose of the study is to develop approaches to the theoretical and methodological substantiation of the principles for assessing the effectiveness of state subsidies to business entities.
Results. The possibility of using the ...
Added: June 1, 2026
Saakyan T. V., Финансовый журнал 2024 Т. 16 № 4 С. 24–40
The article considers approaches to regulatory and methodological support of tracking the results of research, development and technological works for civil purposes (R&D) funded with subsidies provided to legal entities from the federal budget, including grants in the form of subsidies for R&D from the federal budget to legal entities (except for state (municipal) institutions), ...
Added: June 1, 2026
СПб.: Международный банковский институт имени Анатолия Собчака, 2025.
Статья посвящена вопросам предоставления субсидий из федерального бюджета коммерческим организациям в условиях санкционных ограничений. Целью исследования является определение особенностей практики предоставления указанных субсидий в контексте процесса, направлений и объектов субсидирования. Результатом исследования является вывод о корректировке системы субсидирования коммерческих организаций, взаимосвязанной по целеполаганию, объемам и временному периоду с иными мерами стимулирования экономического роста в условиях ...
Added: June 1, 2026
Saakyan T. V., Кондратенко А. П., Финансовые рынки и банки 2025 № 10 С. 181–185
Эффективное использование бюджетных средств - ключевой аспект государственной финансовой политики, так как напрямую влияет на социально-экономическое развитие страны, обеспечивая баланс между государственными расходами и доходами. Одним из инструментов бюджетной политики является предоставление из федерального бюджета бюджетам субъектов РФ межбюджетных трансфертов в форме субсидий. Субсидии играют существенную роль в обеспечении сбалансированного развития субъектов РФ за счет ...
Added: June 1, 2026
Saakyan T. V., Барабанова Ю. В., Финансовые рынки и банки 2025 № 11 С. 147–151
The right to grant subsidies to commercial organizations from the budgets of the Russian budgetary system was established as early as the first version of the Budget Code of the Russian Federation. Simultaneously with the enactment of this right, questions arose regarding its implementation, the scope of which has evolved through various stages of the ...
Added: June 1, 2026
Saakyan T. V., Ключников И. К., Финансовые рынки и банки 2025 № 5 С. 244–254
In the conditions of increased uncertainty and change of the economic development model, the importance of effective financial assistance to the economy increases. The article considers the essence and purpose of subsidies in the system of economic relations, as well as key features of attitudes towards subsidies of various economic schools. The idea of full ...
Added: June 1, 2026
Saakyan T. V., Ключников И. К., Финансовый журнал 2025 Т. 17 № 1 С. 74–91
Subject. Rationality and efficiency of budgeting state subsidies to business entities. Objectives. To develop a science-based system for assessing the rationality and effectiveness of the process of state subsidization of business entities. Results. The interrelation of rationality and efficiency of the process of budgeting subsidies to business entities is substantiated. Determination of the logic of ...
Added: June 1, 2026
Синяков А. А., Зверева В., Шелованова Т. И., / Центральный банк Российской Федерации. Серия 132 / 2024 "Серия докладов об экономических исследованиях". 2024. № 132.
At the end of 2023, Russia updated its Strategy for Improving Financial Literacy and Developing Financial Culture Until 2030. Unlike the previous strategy, the current strategic goals include not only financial literacy but also financial culture. ‘Culture’ is normative and socially preferred behaviour. The updated strategy brings into focus the relationship between financial literacy and responsible financial behaviour. To explore this relationship, the authors rely on data from the All-Russian Survey of Consumer Finance (2020 and 2022). Socially ...
Added: June 1, 2026
Vorchik A., / SSRN. Серия Social Science Research Network "Social Science Research Network". 2026.
This work is devoted to a theoretical explanation of the Easterlin paradox, according to which long-term economic growth does not make average level of people's happiness increasing. By happiness, we mean the intensity of emotions people experience while comparing their new income with its expected value, or the target income with its original value. In the first case, ...
Added: May 31, 2026
Journal of Economic Studies 2026 P. 1–18
Purpose
This study assesses the impact of the European Central Bank's (ECB) Unconventional Monetary Policy (UMP) on economic growth via its effects on sovereign bond yields in the Eurozone. Unlike previous studies that focus on high-frequency data and short-term effects, this study provides evidence on the long-term effects of the ECB's asset purchases on key macroeconomic ...
Added: May 31, 2026
Slivnitsin P., Mylnikov L., Engineering Applications of Artificial Intelligence 2026 Vol. 179 Article 115185
The paper describes a applied artificial intelligence task of recognition-by-components method of real objects based on the recognition of a limited set of primitives or components. The recognition-by-components makes it possible to determine the components, that compose an object, and increase the number of recognizable objects without degrading the recognition quality. Training is performed on ...
Added: May 29, 2026
СПб.: Скифия-принт, 2024.
В сборник включены материалы по результатам работы международных научных и научно-практических конференций, состоявшихся в Санкт-Петербургском государственном университете в апреле 2024 года в рамках VIII Международного экономического Симпозиума - 2024. В конференциях приняли участие представители ведущих российских и зарубежных вузов, научных учреждений и бизнес-сообщества. Сборник материалов предназначен для бакалавриантов, магистрантов, аспирантов и преподавателей экономических специальностей вузов, ...
Added: May 29, 2026
СПб.: Скифия-принт, 2023.
В сборник включены материалы по результатам работы международных научных и научно-практических конференций, состоявшихся в Санкт-Петербургском государственном университете в апреле 2023 года в рамках VII Международного экономического Симпозиума - 2023. В конференциях приняли участие представители ведущих российских и зарубежных вузов, научных учреждений и бизнес-сообщества. Сборник материалов предназначен для бакалавриантов, магистрантов, аспирантов и преподавателей экономических специальностей вузов, ...
Added: May 29, 2026
М.: ООО «Адвансед солюшнз», 2026.
Данный выпуск сборника студенческих статей .Восточная перспектива. включает в себя статьи победителей и призеров XI Международной научной студенческой конференции "Восточная перспектива", состоявшейся 18 мая 2024 года. В 2024 году на конференцию было подано 115 заявок, офлайн и онлайн в конференции приняли участие докладчики и слушатели из различных вузов России и ближнего и дальнего Зарубежья. ...
Added: May 29, 2026
Musaev A., Makshanov A., Dmitry Grigoriev, International Journal of Dynamics and Control 2023 Vol. 11 P. 2566–2579
The problem of sequential filtering of a chaotic random process is considered in the context of the general problem of
controlling the state of a dynamic object in an unstable immersion environment. In conditions of chaotic dynamics, traditional
sequential processing of observations either does not provide the required level of smoothing, or leads to a significant lagging
shift ...
Added: July 11, 2025
Musaev A., Makshanov A., Dmitry Grigoriev, Computational Economics 2024 Vol. 64 P. 137–160
This paper addresses the challenge of short-term forecasting for processes modeled as output signals of nonlinear dynamic systems in unstable environments with non-stationary, non-Gaussian interference. Traditional computational forecasting methods are often ineffective for such chaotic processes, which exhibit exponential divergence of trajectories. We propose a solution based on multidimensional correlations with other processes in the ...
Added: July 11, 2025