Novel Modelling of the Operation of the Financial Intermediary System – Agent-based Macro Models

Bence Mérõ ()
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Bence Mérõ: Magyar Nemzeti Bank

Financial and Economic Review, 2019, vol. 18, issue 3, 83-113

Abstract: The study describes three agent-based macro models – expanded with the banking sector – that may later, following adequate further development, serve as bases for regulatory decisions. By presenting and explaining these models, the author attempts to make the readers understand the nature, essence and framework of agent-based modelling, also highlighting the difficulties that arise during modelling.

Keywords: agent-based modelling; banking sector; money creation (search for similar items in EconPapers)
JEL-codes: B52 E44 Y2 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:mnb:finrev:v:18:y:2019:i:3:p:83-113

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