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Policy experiments in an agent-based model with credit networks

Assenza, Tiziana; Cardaci, Alberto; Delli Gatti, Domenico; … - 2017

In this paper the authors build upon Assenza et al. (Credit networks in the macroeconomics from the bottom-up model, 2015), which include firm-bank and bank-bank networks in the original macroeconomic model in Macroeconomics from the bottom-up (Delli Gatti et al., Macroeconomics from the...

Persistent link: https://www.econbiz.de/10011723851

Policy experiments in an agent-based model with credit networks

Assenza, Tiziana; Cardaci, Alberto; Delli Gatti, Domenico; … - 2018

., Gaffeo, E., Cirillo, P. and Gallegati, M. (Macroeconomics from the bottom-up, 2011) with the inclusion of a bank-bank network …

Persistent link: https://www.econbiz.de/10011880809

Money as a network good

Włodarczyk, Julia - In: Journal of economics & management 20 (2015) 2, pp. 53-63

Persistent link: https://www.econbiz.de/10011382586

A Note on Liquidity Policies and Financial Networks

Wegner, Danilo Lopomo Beteto - 2018

This note provides an example of how government and central bank policies that promote market liquidity (e.g., quantitative easing programs) can change the structure of the banking system, leading to financial networks that are better capitalized (networth of the banking system is higher) but,...

Persistent link: https://www.econbiz.de/10012913822

Networking the yield curve : implications for monetary policy

Dalhaus, Tatjana; Schaumburg, Julia; Sekhposyan, Tatevik - 2021

We introduce a flexible, time-varying network model to trace the propagation of interest rate surprises across … curve. We find that the network of interest rate surprises is indeed asymmetric, and defined by spillovers between adjacent …

Persistent link: https://www.econbiz.de/10012488662

Monetary policy and liquidity management with an endogenous interbank network

Carpizo, Luiz Guilherme; Hiller, Timo - 2022

network. We first provide a characterization of the unique equilibrium of banks' liquidity holdings for any network of credit … lines. Then, we endogenize the network and show that every equilibrium network is a complete coreperiphery graph. Central … accounting for banks' endogenous linking decisions, a narrower corridor may lead to a sparser interbank network with higher …

Persistent link: https://www.econbiz.de/10013440018