Prudential Regulation in an Artificial Banking System

Abstract: This study is an exploratory analysis of the economic role of banks under different prudential frameworks. It considers an agent-based computational model populated by consumers, firms, banks, and a central bank whose out-of-equilibrium interactions replicate the conjunct dynamics of a banking system, a financial market and the real economy. A calibrated version of the model is shown to provide an intelligible account of several recurring economic phenomena, thus constituting a favorable ground for policy analysis. The investigation provides a valuable methodological contribution to the field of banking research and sheds new light on the role of banks and their prudential regulation. Specifically, the results suggest that banks are key economic agents. Through their financial intermediation activity, credit institutions facilitate investment and promote growth.

Object Details

• Location: Deutsche Nationalbibliothek Frankfurt am Main
• Extent: Online-Ressource
• Language: Englisch

References and Relationships

• Bibliographic citation: Prudential Regulation in an Artificial Banking System ; volume:10 ; number:1 ; year:2016 ; extent:55 ; Economics / Journal articles. Journal articles ; 10, Heft 1 (2016) (gesamt 55)

Contributors, Places and Time

• Creator: Quinaz, Pedro Dias ; Curto, José Dias

Further information

• DOI: 10.5018/economics-ejournal.ja.2016-31
• URN: urn:nbn:de:101:1-2412130955104.503153015404
• Rights: Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.
• Last update: 08.04.2029, 8:09 AM CEST