The effects of interbank networks on efficiency and stability in a macroeconomic agent-based model

DOI10.1016/j.jedc.2018.03.006zbMath1401.91375OpenAlexW2792122712MaRDI QIDQ1657375

Andrea Gurgone, Giulia Iori, Saqib Jafarey

Publication date: 13 August 2018

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://openaccess.city.ac.uk/id/eprint/19671/1/JEDC_3rd_submission.compressed.pdf

zbMATH Keywords

financial fragilityinterbank marketmacroeconomic stabilityagent-based macroeconomicsliquidity hoarding

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Heterogeneous agent models (91B69)

Related Items (5)

Constructing banking networks under decreasing costs of link formation ⋮ Winter is possibly not coming: mitigating financial instability in an agent-based model with interbank market ⋮ Connectivity, centralisation and `robustness-yet-fragility' of interbank networks ⋮ Income inequality, consumption, credit and credit risk in a data-driven agent-based model ⋮ The impacts of interest rates on banks' loan portfolio risk-taking

Cites Work

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• The financial accelerator in an evolving credit network
• Schumpeter meeting Keynes: a policy-friendly model of endogenous growth and business cycles
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• Emergence of a core-periphery structure in a simple dynamic model of the interbank market
• Agent based-stock flow consistent macroeconomics: towards a benchmark model
• The impact of heterogeneous trading rules on the limit order book and order flows
• INDIVIDUAL LEARNING ABOUT CONSUMPTION
• A simulation analysis of the microstructure of double auction markets*

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