Arbeitspapier

Prudential regulation in an artificial banking system

This study constitutes 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 recurrent economic phenomena and it can be a privileged ground for policy analysis. The authors' investigation provides a relevant methodological contribution to the field of banking research and sheds new light into 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.

Sprache
Englisch

Erschienen in
Series: Economics Discussion Papers ; No. 2016-27

Klassifikation
Wirtschaft
Computational Techniques; Simulation Modeling
Financial Institutions and Services: Government Policy and Regulation
Thema
agent-based computational model
financial intermediation
prudential policy
bank regulation

Ereignis
Geistige Schöpfung
(wer)
Curto, José Dias
Quinaz, Pedro Miguel Mateus Dias
Ereignis
Veröffentlichung
(wer)
Kiel Institute for the World Economy (IfW)
(wo)
Kiel
(wann)
2016

Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Curto, José Dias
  • Quinaz, Pedro Miguel Mateus Dias
  • Kiel Institute for the World Economy (IfW)

Entstanden

  • 2016

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