Abstract
This study focuses on the influence of financial institutions’ behavior under financial regulation on financial systems. For this purpose, the authors propose simulation models of systemic risks expressing financial regulation and the financing and investment behavior of financial institutions. Using this model, scenario analysis is performed based on cases generated from a combination of various regulations. We then approach the issue of the trade-off between the stability of the financial system and a decline in liquidity. Our numerical experiment shows that the liquidity of marketable assets could be reduced by imposing a BS restriction.
| Language | English |
|---|---|
| Title of host publication | Agents and Multi-Agent Systems |
| Subtitle of host publication | Technologies and Applications 2018 - Proceedings of the 12th International Conference on Agents and Multi-Agent Systems: Technologies and Applications KES-AMSTA-18 |
| Publisher | Springer Science and Business Media Deutschland GmbH |
| Pages | 341-353 |
| Number of pages | 13 |
| ISBN (Print) | 9783319920306 |
| DOIs | |
| Publication status | Published - 2019 Jan 1 |
| Event | 12th KES Conference on Agent and Multi-Agent Systems: Technologies and Applications, KES-AMSTA 2018 - Gold Coast, Australia Duration: 2018 Jun 20 → 2018 Jun 22 |
Publication series
| Name | Smart Innovation, Systems and Technologies |
|---|---|
| Volume | 96 |
| ISSN (Print) | 2190-3018 |
| ISSN (Electronic) | 2190-3026 |
Other
| Other | 12th KES Conference on Agent and Multi-Agent Systems: Technologies and Applications, KES-AMSTA 2018 |
|---|---|
| Country | Australia |
| City | Gold Coast |
| Period | 18/6/20 → 18/6/22 |
Fingerprint
Keywords
- Agent-based simulation
- Asset liability management
- Financial regulations
- Systemic risk
ASJC Scopus subject areas
- Decision Sciences(all)
- Computer Science(all)
Cite this
Simulation of the effect of financial regulation on the stability of financial systems and financial institution behavior. / Kikuchi, Takamasa; Kunigami, Masaaki; Yamada, Takashi; Takahashi, Hiroshi; Terano, Takao.
Agents and Multi-Agent Systems: Technologies and Applications 2018 - Proceedings of the 12th International Conference on Agents and Multi-Agent Systems: Technologies and Applications KES-AMSTA-18. Springer Science and Business Media Deutschland GmbH, 2019. p. 341-353 (Smart Innovation, Systems and Technologies; Vol. 96).Research output: Chapter in Book/Report/Conference proceeding › Conference contribution
}
TY - GEN
T1 - Simulation of the effect of financial regulation on the stability of financial systems and financial institution behavior
AU - Kikuchi, Takamasa
AU - Kunigami, Masaaki
AU - Yamada, Takashi
AU - Takahashi, Hiroshi
AU - Terano, Takao
PY - 2019/1/1
Y1 - 2019/1/1
N2 - This study focuses on the influence of financial institutions’ behavior under financial regulation on financial systems. For this purpose, the authors propose simulation models of systemic risks expressing financial regulation and the financing and investment behavior of financial institutions. Using this model, scenario analysis is performed based on cases generated from a combination of various regulations. We then approach the issue of the trade-off between the stability of the financial system and a decline in liquidity. Our numerical experiment shows that the liquidity of marketable assets could be reduced by imposing a BS restriction.
AB - This study focuses on the influence of financial institutions’ behavior under financial regulation on financial systems. For this purpose, the authors propose simulation models of systemic risks expressing financial regulation and the financing and investment behavior of financial institutions. Using this model, scenario analysis is performed based on cases generated from a combination of various regulations. We then approach the issue of the trade-off between the stability of the financial system and a decline in liquidity. Our numerical experiment shows that the liquidity of marketable assets could be reduced by imposing a BS restriction.
KW - Agent-based simulation
KW - Asset liability management
KW - Financial regulations
KW - Systemic risk
UR - http://www.scopus.com/inward/record.url?scp=85048215689&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85048215689&partnerID=8YFLogxK
U2 - 10.1007/978-3-319-92031-3_34
DO - 10.1007/978-3-319-92031-3_34
M3 - Conference contribution
SN - 9783319920306
T3 - Smart Innovation, Systems and Technologies
SP - 341
EP - 353
BT - Agents and Multi-Agent Systems
PB - Springer Science and Business Media Deutschland GmbH
ER -