2024-03-29T14:49:22Zhttps://repositori.uji.es/oai/requestoai:repositori.uji.es:10234/1624842019-11-18T18:17:10Zcom_10234_71324com_10234_158176col_10234_111700
Repositori UJI
author
Moliner Moliner, Jesús
other
Universitat Jaume I. Departament d'Economia
2016-09-14T10:47:35Z
2016-09-14T10:47:35Z
2016-07-18
http://hdl.handle.net/10234/162484
In this paper, we present an agent based model of the banking system, including
banks households and a central bank. The model is able to address some relevant economic
issues regarding liquidity shocks, shocks on assets, inequality wealth distributions
and herding effects. By analyzing the effects that different policy configurations have on
the system, we show that capital requirements are more effective than cash reserve restrictions
in order to guarantee the robustness of the banking system. However, in case
of high economic instability, liquidity requirements become ineffective. Also, we find that
when the central bank is acting as a lender of last resource, capital requirement regulation
becomes irrelevant, or even negative for economic growth. We also show that inequality
among households wealth has a negative effect in both stability and growth. Finally,
the model confirms that panic and herding among households accelerates the banking
system breakdown.
eng
Atribución-NoComercial-CompartirIgual 4.0 España
Grau en Economia
Grado en Economía
Bachelor's Degree in Economics
Liquidez económica
Bancos centrales
Política macroeconómica
Capital and reserve requirements to control liquidity shocks: an agent based perspective
info:eu-repo/semantics/bachelorThesis
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URL
https://repositori.uji.es/xmlui/bitstream/10234/162484/1/TFG_Moliner_Moliner%2C_Jes%C3%BAs.pdf
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TFG_Moliner_Moliner,_Jesús.pdf
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https://repositori.uji.es/xmlui/bitstream/10234/162484/6/TFG_Moliner_Moliner%2C_Jes%C3%BAs.pdf.txt
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TFG_Moliner_Moliner,_Jesús.pdf.txt