Gabbi, Giampaolo; Iori, Giulia; Jafarey, Saqib; Porter, … - In: Journal of Economic Dynamics and Control 50 (2015) C, pp. 117-143
We present a new agent-based model focusing on the linkage between the interbank market and the real economy with a stylised central bank acting as lender of last resort. Using this model we address the tradeoff between stability and economic performance for different structures of the interbank...