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debated in economic theory and policy. The euphoria about successful clusters however neglects that historically, many … simulation model (based in the N/K method) is developed, which explains when and why the cluster's architecture assists or … complexity theory.- Part IV Model development - Clusters as complex adaptive systems: Micromotives and macrobehaviour - Dynamics …
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The macroprudential regulatory framework of Basel III imposes the same capital and liquidity requirements on all banks around the world to ensure global competitiveness of banks. Using an agent-based model of the financial system, we find that this is not a robust framework to achieve...
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