Using Agent-Based Models for Analyzing Threats to Financial Stability
نویسنده
چکیده
Existing models of financial instability tend to be based on top-down, partial-equilibrium views of markets and their interactions; they are unable to incorporate the complexity of behavior among heterogeneous firms or the tendency for all types of firms to change their behavior during a crisis. This paper argues that agent-based models (ABMs)—which seek to explain how the behavior of individual firms or “agents” can affect outcomes in complex systems—can make an important contribution to our understanding of potential vulnerabilities and paths through which risks can propagate across the financial system.
منابع مشابه
تحلیل نظام نوین مالی دانشگاههای علوم پزشکی ایران با استفاده از ماتریس سوات
Background and purpose: The cost of health care has an increasing trend worldwide. Therefore, governments aim at analyzing the economic aspects of health services and make interventions in improving the financial performance of health care systems. This study was conducted to assess the new financial system of medical universities in Iran using SWOT analysis. Materials and methods: This cros...
متن کاملBehavioral Perspectives on Central Bank Communication for Financial Stability
Analyzing central bank communication during financial crises, we draw on a surprisingly informative parallel between management of natural disasters such as earthquakes on one hand, and the corresponding communication infrastructure and social interaction during financial turmoil, on the other. The role of social and emotional behavior thereof points to the importance of interpersonal comm...
متن کاملAnalyzing the Futsal Strategic Plan in Sulaymaniyah Province and Providing Management Solutions
Background. Futsal has attracted many enthusiasts these days due to its special attractiveness as well as the skillful performance of players. Objectives. This research was aimed at analyzing the futsal strategic plan in Sulaymaniyah province and providing management solutions. Methods. The present research is a descriptive-analytical and applied research. The statistical population consisted...
متن کاملOn Vulnerability of Banking Networks∗
Threats on the stability of a financial system may severely affect the functioning of the entire economy, and thus considerable emphasis is placed on the analyzing the cause and effect of such threats. The financial crisis in the current and past decade has shown that one important cause of instability in global markets is the so-called financial contagion, namely the spreadings of instabilitie...
متن کاملThe Use of Fuzzy, Neural Network, and Adaptive Neuro-Fuzzy Inference System (ANFIS) to Rank Financial Information Transparency
Ranking of a company's financial information is one of the most important tools for identifying strengths and weaknesses and identifying opportunities and threats outside the company. In this study, it is attempted to examine the financial statements of companies to rank and explain the transparency of financial information of 198 companies during 2009-2017 using artificial intelligence and neu...
متن کامل