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September 17, 2026
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Financial markets’ deterministic aspects modeled by a low-dimensional equation

Scientific Reports. 2022. Vol. 12. Article 1693.
Orlando G., Ruedi S., Bufalo M.

We ask whether empirical finance market data (Financial Stress Index, swap and equity, emerging
and developed, corporate and government, short and long maturity), with their recently observed
alternations between calm periods and financial turmoil, could be described by a low‑dimensional
deterministic model, or whether this requests a stochastic approach. We find that a deterministic
model performs at least as well as one of the best stochastic models, but may offer additional insight
into the essential mechanisms that drive financial markets.

Research target: Economics and Management Mathematics Physics
Language: English
Full text
DOI
Text on another site
Keywords: Rulkov mapfinancial marketsARIMA-GARCHlow-dimensional deterministic model
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