43 citations · 65 across the 10 of their papers we have counts for
4 papers · 1 filter
The Random Walk behind Volatility Clustering
Sabiou Inoua
Financial price changes obey two universal properties: they follow a power law and they tend to be clustered in time. The second regularity, known as volatility clustering, entails…
Speculation and Power Law
Sabiou Inoua
It is now well established empirically that financial price changes are distributed according to a power law, with cubic exponent. This is a fascinating regularity, as it holds for…
A Simple Measure of Economic Complexity
Sabiou Inoua
Contrary to conventional economic growth theory, which reduces a country's output to one aggregate variable (GDP), product diversity is central to economic development, as recent '…
The Intrinsic Instability of Financial Markets
Sabiou Inoua
In this paper we explain the wild fluctuations of financial prices from the intrinsic amplifying feedback of speculative supply and demand. Formally, we show that an asset return f…