Abstract
The financial crisis that started in 2008 brought down several banks and led to a prolonged global recession. Many blamed the mathematical models used to determine the value of financial products. But is that right? Was the crisis caused by mathematics? And can mathematics be used to see crises coming or even prevent them?
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Samaey, G., Vandewalle, J.P.L. (2022). How Vulnerable Are Our Banking Systems?. In: The Invisible Power of Mathematics. Copernicus Books . Springer, New York, NY. https://doi.org/10.1007/978-1-0716-2776-1_17
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DOI: https://doi.org/10.1007/978-1-0716-2776-1_17
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