@misc{BattistonFarmerFlacheetal.2016, author = {Battiston, Stefano and Farmer, J. Doyne and Flache, Andreas and Garlaschelli, Diego and Haldane, Andrew G. and Heesterbeek, Hans and Hommes, Cars and Jaeger, Carlo and May, Robert and Scheffer, Marten}, title = {COMPLEX SYSTEMS Complexity theory and financial regulation}, series = {Science}, volume = {351}, journal = {Science}, publisher = {American Assoc. for the Advancement of Science}, address = {Washington}, issn = {0036-8075}, doi = {10.1126/science.aad0299}, pages = {818 -- 819}, year = {2016}, abstract = {Traditional economic theory could not explain, much less predict, the near collapse of the financial system and its long-lasting effects on the global economy. Since the 2008 crisis, there has been increasing interest in using ideas from complexity theory to make sense of economic and financial markets. Concepts, such as tipping points, networks, contagion, feedback, and resilience have entered the financial and regulatory lexicon, but actual use of complexity models and results remains at an early stage. Recent insights and techniques offer potential for better monitoring and management of highly interconnected economic and financial systems and, thus, may help anticipate and manage future crises.}, language = {en} }