期刊名称：Economics - The Open-Access, Open-Assessment E-Journal
印刷版ISSN：1864-6042
出版年度：2016
卷号：10
页码：1-55
出版社：Kiel Institute for the World Economy
摘要：This study is an exploratory analysis of the economic role of banks under different prudential frameworks. It considers an agent-based computational model populated by consumers, firms, banks, and a central bank whose out-of-equilibrium interactions replicate the conjunct dynamics of a banking system, a financial market and the real economy. A calibrated version of the model is shown to provide an intelligible account of several recurring economic phenomena, thus constituting a favorable ground for policy analysis. The investigation provides a valuable methodological contribution to the field of banking research and sheds new light on the role of banks and their prudential regulation. Specifically, the results suggest that banks are key economic agents. Through their financial intermediation activity, credit institutions facilitate investment and promote growth.
关键词：agent-based computational model; financial intermediation; prudential policy; bank regulation
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