Simulation of financial institutions activity in transitional economies

Mikhail Rumyantsev

MPRA Paper from University Library of Munich, Germany

Abstract: The paper reviews the concepts of system dynamics and its applications to the simulation modeling of financial institutions daily activity. While widely applicable, the approach is of a particular interest in transitional and developing economies. The hybrid method of banking business processes re-engineering based on a combination of system dynamics, queuing theory and ordinary differential equations (Kolmogorov equations) is introduced. By the way of method illustration, we consider the promotion of a set of banking products among some categories of clients.

Keywords: banking; simulation; system dynamics; Kolmogorov equations (search for similar items in EconPapers)
JEL-codes: C15 C51 G21 (search for similar items in EconPapers)
Date: 2011-11-12
New Economics Papers: this item is included in nep-ban and nep-cmp
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