- Autor
- Mielcarek Jarosław (Wyższa Szkoła Bankowa w Poznaniu)
- Tytuł
- Refleksje nad tworzeniem nowego paradygmatu finansów
Reflections on a New Finance Paradigm Creation - Źródło
- Zeszyty Naukowe / Uniwersytet Ekonomiczny w Poznaniu, 2010, nr 144, s. 46-59, bibliogr. 26 poz.
- Słowa kluczowe
- Analiza wrażliwości, Fundusze hedgingowe, Finanse
Sensitivity analysis, Hedge fund, Finance - Uwagi
- summ.
- Abstrakt
- Opracowanie zostało poświęcone analizie trzech kluczowych zagadnień, gdy podejmuje się problem tworzenia nowego paradygmatu finansów, a więc paradygmatowi i jego kryzysowi, anomaliom na gruncie obowiązującego paradygmatu oraz czy powstają w finansach postępowe naukowe programy badawcze. (fragment tekstu)
Reflections on paradigm and its crisis led to a conclusion that the most important symptom of a paradigm crisis is mainly not anomalies existence, it means phenomena excluded by the ruling paradigm, but cases of its falsifications, for example LOR, LTCM and JWM Partners funds insolvencies. Postulate to create a new finance paradigm results from acceptance of unexpected phenomena as anomalies. It leads to the not always explicitly expressed conclusion that the financial theories are no more progressive scientific research program, but transformed into degenerating one. Directions of the works on a new paradigm creation indicate on essential significance of sensitivity analysis. Full utilization of its capabilities requires to dispose a new paradigm enabling qualitative and quantitative predictions of some novel facts as threats. The present crisis is sometimes explained by means of the H. Minsky's financial instability theory and the G. Soros's reflexivity theory. The critical arguments directed at them indicate that probably no one of them can be accepted as a key element of a new paradigm. It requires to include into a new paradigm a speculative bubbles theory in order to overcome the deep financial theories crisis. Unfortunately the speculative bubbles models formulated within the rational expectations hypothesis, the behavioral finance and the imperfect knowledge economics are built only to explain already known facts, whereas the main progressive scientific research program feature lies in prediction of some novel facts. (original abstract) - Dostępne w
- Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie
Biblioteka SGH im. Profesora Andrzeja Grodka
Biblioteka Główna Uniwersytetu Ekonomicznego w Katowicach
Biblioteka Główna Uniwersytetu Ekonomicznego w Poznaniu
Biblioteka Główna Uniwersytetu Ekonomicznego we Wrocławiu - Bibliografia
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- Cytowane przez
- ISSN
- 1689-7374
- Język
- pol
