Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/142246 
Year of Publication: 
2016
Series/Report no.: 
Economics Discussion Papers No. 2016-27
Publisher: 
Kiel Institute for the World Economy (IfW), Kiel
Abstract: 
This study constitutes 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 recurrent economic phenomena and it can be a privileged ground for policy analysis. The authors' investigation provides a relevant methodological contribution to the field of banking research and sheds new light into 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.
Subjects: 
agent-based computational model
financial intermediation
prudential policy
bank regulation
JEL: 
C63
G28
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

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