Analysis of the Effect of Financial Regulation on Market Collapse Process in Financial Network

Takamasa Kikuchi, Masaaki Kunigami, Takashi Yamada, Hiroshi Takahashi, Takao Terano

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

This study focuses on the influence of the market collapse process of financial institutions under financial regulation on financial systems. For this purpose, the authors expand simulation models of systemic risks expressing financial regulation and the financing behavior of financial institutions. Using this model, scenario analysis is performed how the collapse process in the financial system changes due to the balance sheet constraint. Our numerical experiment shows that (1) as the amount of marketable assets is increased, the type of failed process with high occurrence changes, and (2) when there is a balance sheet restriction, the frequency of chain collapse is suppressed.

Original languageEnglish
Title of host publicationAgents and Multi-agent Systems
Subtitle of host publicationTechnologies and Applications - 13th KES International Conference, KES-AMSTA-2019, Proceedings
EditorsRobert J. Howlett, Lakhmi C. Jain, Roman Šperka, Gordan Jezic, Mario Kusek, Yun-Heh Jessica Chen-Burger, Lakhmi C. Jain, Lakhmi C. Jain, Lakhmi C. Jain
PublisherSpringer Science and Business Media Deutschland GmbH
Pages249-262
Number of pages14
ISBN (Print)9789811386787
DOIs
Publication statusPublished - 2020 Jan 1
Event13th KES Conference on Agent and Multi-agent Systems: Technologies and Applications, KES-AMSTA 2019 - St. Julians, Malta
Duration: 2019 Jun 172019 Jun 19

Publication series

NameSmart Innovation, Systems and Technologies
Volume148
ISSN (Print)2190-3018
ISSN (Electronic)2190-3026

Conference

Conference13th KES Conference on Agent and Multi-agent Systems: Technologies and Applications, KES-AMSTA 2019
CountryMalta
CitySt. Julians
Period19/6/1719/6/19

Fingerprint

Experiments
Financial regulation
Financial networks
Financial system
Balance sheet
Financial institutions
Financing
Simulation model
Assets
Systems change
Numerical experiment
Systemic risk
Scenario analysis

Keywords

  • Agent-based simulation
  • Financial regulations
  • Simulation analysis
  • Systemic risk

ASJC Scopus subject areas

  • Decision Sciences(all)
  • Computer Science(all)

Cite this

Kikuchi, T., Kunigami, M., Yamada, T., Takahashi, H., & Terano, T. (2020). Analysis of the Effect of Financial Regulation on Market Collapse Process in Financial Network. In R. J. Howlett, L. C. Jain, R. Šperka, G. Jezic, M. Kusek, Y-H. J. Chen-Burger, L. C. Jain, L. C. Jain, ... L. C. Jain (Eds.), Agents and Multi-agent Systems: Technologies and Applications - 13th KES International Conference, KES-AMSTA-2019, Proceedings (pp. 249-262). (Smart Innovation, Systems and Technologies; Vol. 148). Springer Science and Business Media Deutschland GmbH. https://doi.org/10.1007/978-981-13-8679-4_21

Analysis of the Effect of Financial Regulation on Market Collapse Process in Financial Network. / Kikuchi, Takamasa; Kunigami, Masaaki; Yamada, Takashi; Takahashi, Hiroshi; Terano, Takao.

Agents and Multi-agent Systems: Technologies and Applications - 13th KES International Conference, KES-AMSTA-2019, Proceedings. ed. / Robert J. Howlett; Lakhmi C. Jain; Roman Šperka; Gordan Jezic; Mario Kusek; Yun-Heh Jessica Chen-Burger; Lakhmi C. Jain; Lakhmi C. Jain; Lakhmi C. Jain. Springer Science and Business Media Deutschland GmbH, 2020. p. 249-262 (Smart Innovation, Systems and Technologies; Vol. 148).

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Kikuchi, T, Kunigami, M, Yamada, T, Takahashi, H & Terano, T 2020, Analysis of the Effect of Financial Regulation on Market Collapse Process in Financial Network. in RJ Howlett, LC Jain, R Šperka, G Jezic, M Kusek, Y-HJ Chen-Burger, LC Jain, LC Jain & LC Jain (eds), Agents and Multi-agent Systems: Technologies and Applications - 13th KES International Conference, KES-AMSTA-2019, Proceedings. Smart Innovation, Systems and Technologies, vol. 148, Springer Science and Business Media Deutschland GmbH, pp. 249-262, 13th KES Conference on Agent and Multi-agent Systems: Technologies and Applications, KES-AMSTA 2019, St. Julians, Malta, 19/6/17. https://doi.org/10.1007/978-981-13-8679-4_21
Kikuchi T, Kunigami M, Yamada T, Takahashi H, Terano T. Analysis of the Effect of Financial Regulation on Market Collapse Process in Financial Network. In Howlett RJ, Jain LC, Šperka R, Jezic G, Kusek M, Chen-Burger Y-HJ, Jain LC, Jain LC, Jain LC, editors, Agents and Multi-agent Systems: Technologies and Applications - 13th KES International Conference, KES-AMSTA-2019, Proceedings. Springer Science and Business Media Deutschland GmbH. 2020. p. 249-262. (Smart Innovation, Systems and Technologies). https://doi.org/10.1007/978-981-13-8679-4_21
Kikuchi, Takamasa ; Kunigami, Masaaki ; Yamada, Takashi ; Takahashi, Hiroshi ; Terano, Takao. / Analysis of the Effect of Financial Regulation on Market Collapse Process in Financial Network. Agents and Multi-agent Systems: Technologies and Applications - 13th KES International Conference, KES-AMSTA-2019, Proceedings. editor / Robert J. Howlett ; Lakhmi C. Jain ; Roman Šperka ; Gordan Jezic ; Mario Kusek ; Yun-Heh Jessica Chen-Burger ; Lakhmi C. Jain ; Lakhmi C. Jain ; Lakhmi C. Jain. Springer Science and Business Media Deutschland GmbH, 2020. pp. 249-262 (Smart Innovation, Systems and Technologies).
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