Fractional models for analysis of economic risks

In this review paper we try to describe some recent results on modeling and analysis of economic risks by using the techniques of fractional calculus. The use of fractional order operators in the risk theory is due to the presence of long and short memory in most of economic models and their nonlocality over time. We emphasize on the use and interpretation of the Dzherbashian-Caputo fractional derivative in the discussed matters.