Analysis of the Influences of Central Bank Financing on Operative Collapses of Financial Institutions Using Agent-Based Simulation

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

研究成果: Conference contribution

6 被引用数 (Scopus)

抄録

Studies on financial crisis have focused on "systemic risk", whereby the collapse of one or more financial institutions has a ripple effect on the financial system itself. To prevent the occurrence or spread of such risks, a variety of discussions and studies have examined the role of central banks. This study deals with a case where central banks play a critical backup role in interbank markets. To realize the study aims, the authors develop an agent-based simulation platform and analyze the influences of central bank financing on operative reaction collapses of financial institutions. The main results are as follows: First, their financing may prevent operative reaction collapses by easing cash-flow situations. Additionally, there exist other risks such as financial institutions becoming excessively dependent for funding on the central bank, and unhealthy institutions remaining alive when they deserve to fail.

本文言語English
ホスト出版物のタイトルProceedings - 2016 IEEE 40th Annual Computer Software and Applications Conference Workshops, COMPSAC 2016
出版社IEEE Computer Society
ページ95-104
ページ数10
2
ISBN(電子版)9781467388450
DOI
出版ステータスPublished - 2016 8 24
イベント2016 IEEE 40th Annual Computer Software and Applications Conference, COMPSAC 2016 - Atlanta, United States
継続期間: 2016 6 102016 6 14

Other

Other2016 IEEE 40th Annual Computer Software and Applications Conference, COMPSAC 2016
CountryUnited States
CityAtlanta
Period16/6/1016/6/14

ASJC Scopus subject areas

  • Software

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