[PDF] Top 20 Financial fragility in a basic agent-based model

... a financial system ...an agent-based ...models based on differential equations. In fact, where a model based on differential equations may establish that financial ... See full document

... Since the runs in Diamond-Dybvig model are not information-based, some referred to such runs as “sunspots”. Chari and Jagannathan (1988) try to explain runs on the basis of an informational story. Agents ... See full document

... not based on a decentralized mechanism, while in other markets the interaction mechanism that matches the demand and the supply sides follows a common decentralized matching protocol (Riccetti et ...first ... See full document

... an agent-based fi nancial market model and simulations in which agents follow technical and fundamental trading rules to determine their speculative investment ...The model developed by ... See full document

... The intuition for how our proposed intervention program works in the case with ex-ante heterogeneous agents is essentially the same as in the benchmark model. The intervention program incentivizes “pivotal” agents ... See full document

... Simulation outcomes with various initial conditions Initial parameter sweeps of the BIS identified three out- come patterns. The first, when the simulated immune sys- tem eliminated the virally infected PCs and allowed ... See full document

... important model describing how the aggregation of many individual behaviors can give rise to macroscopic out-of- equilibrium dynamics such as bubbles, with bifurcations in the organization of social systems due to ... See full document

... their model, the buyer incurs a cost when the market value of his inventories falls too low and would therefore like to keep market prices ...low-quality based on observable ...lead financial ... See full document

... European financial system has evolved before the global financial ...market based financial systems are focussed on whether the US system could still be described as a market based ... See full document

... integrate financial management, accounting, risk management, information system and human resource management into the system of strategic cost management in E-supply chain (see Figure ...the basic parts ... See full document

... by agent c) don’t know the fundamental informa- tion and they believe that the charting signals from the past prices can discover some information about the spot price of the risky ...are based on the ... See full document

... use agent-based model as one of analytical tools for giving better understanding of social system, in this case, financial system ...of agent-based model (Farmer, 2001), ... See full document

... each agent in the demand side observes a list of potential counterparts in the supply side and chooses the most suitable partner according to some market-specific ...first agent in the list observes a ... See full document

... the model is that credit mismatch (that is the difference between banks’ credit supply and firms’ credit demand) tends to follow the cycle of banks’ net worth: when banks are poorly capitalised this results in ... See full document

... an agent-based ...multi agent system to as many agents as necessary, an organisation and an ...processing model and by associating them around integration architecture, and then by coding non ... See full document

... We can observe a large number of systemic banking crises throughout history, where bank runs obviously were not the main manifestation, and flawed monetary policy not the main cause. For instance, several developed ... See full document

... Whereas in the thirty glorious growth modes, finance contributes to capital accumulation, in the contemporary patrimonial capitalism, it stimulates the real economy (Aglietta, 2000) 6 . One of the objectives of finance ... See full document

... HAPA model into the software design. This led to our hypothesis that an Agent-Based model (ABM) is appropriate to study the SCI patient behaviour relating to needs and activities, and provide ... See full document

... Hence, in the next two sections, the question of the trend of the investment leverage ratio will be developed within a stock-flow consistent SFC hereafter social framework where three se[r] ... See full document

... In short, the sequence which leads to the financial fragility and the crisis, within this simplified circuit model, can be resumed in five steps: 1 households try to keep a given „desire[r] ... See full document