Agent-Based Simulation of Financial Institution Investment Strategy Under Easing Monetary Policy for Operative Collapses
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- Kikuchi Takamasa
- Graduate School of Business Administration, Keio University
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- Kunigami Masaaki
- Tokyo Institute of Technology
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- Yamada Takashi
- Yamaguchi University
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- Takahashi Hiroshi
- Graduate School of Business Administration, Keio University
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- Terano Takao
- Tokyo Institute of Technology
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抄録
<p>Europe and Japan have both adopted negative interest rate policies as part of their monetary easing measures. However, despite the benefits that are claimed to be associated with increased lending demand, significant concerns exist regarding an increased burden on private financial institutions as a result of the application to their excess reserves. In this paper, we focus on the risks associated with increased investment of surplus funds for the operation of financial institutions. We propose an agent-based model for interlocking specific bankruptcy based on changes in financial situations as a result of market price fluctuations involving assets held by financial institutions. To extend the proposed model to handle macro market shocks, we describe decision making regarding funds that are surplus to the operation of financial institutions. Additionally, we analyze the impact of price declines involving marketable assets on financial systems.</p>
収録刊行物
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- Journal of Advanced Computational Intelligence and Intelligent Informatics
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Journal of Advanced Computational Intelligence and Intelligent Informatics 22 (7), 1026-1036, 2018-11-20
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詳細情報 詳細情報について
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- CRID
- 1390001288092325248
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- NII論文ID
- 130007520245
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- NII書誌ID
- AA12042502
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- ISSN
- 18838014
- 13430130
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- NDL書誌ID
- 029339760
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- 本文言語コード
- en
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- データソース種別
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- JaLC
- NDL
- Crossref
- CiNii Articles
- KAKEN
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- 抄録ライセンスフラグ
- 使用不可