Analysis of the Influences of Central Bank Financing on Operative Collapses of Financial Institutions Using Agent-Based Simulation
Analysis of the Influences of Central Bank Financing on Operative Collapses of Financial Institutions Using Agent-Based Simulation
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基于Agent的模拟分析中央银行融资对金融机构经营崩溃的影响
DOI：
10.1109/compsac.2016.63
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发表时间：
2016
期刊：
影响因子：
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通讯作者：
T. Terano
中科院分区：
文献类型：
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作者：
Takamasa Kikuchi;M. Kunigami;Takashi Yamada;Hiroshi Takahashi;T. Terano
关于金融危机的研究集中于“系统性风险”，即一个或多个金融机构的倒闭对金融体系本身产生涟漪反应。为了防止这种风险的发生或蔓延，各种讨论和研究都在探讨中央银行的作用。本研究涉及的情况下，中央银行在银行间市场发挥关键的后备作用。为实现研究目的，作者开发了一个基于Agent的仿真平台，分析了中央银行融资对金融机构操作反应崩溃的影响。主要结果如下：第一，他们的融资可以通过缓解现金流状况来防止操作反应崩溃。此外，还存在其他风险，例如金融机构过度依赖中央银行的资金，以及不健康的机构在应该倒闭时仍然存在。
Studies on financial crisis have focused on "systemic risk", whereby the collapse of one or more financial institutions has a ripple effect on the financial system itself. To prevent the occurrence or spread of such risks, a variety of discussions and studies have examined the role of central banks. This study deals with a case where central banks play a critical backup role in interbank markets. To realize the study aims, the authors develop an agent-based simulation platform and analyze the influences of central bank financing on operative reaction collapses of financial institutions. The main results are as follows: First, their financing may prevent operative reaction collapses by easing cash-flow situations. Additionally, there exist other risks such as financial institutions becoming excessively dependent for funding on the central bank, and unhealthy institutions remaining alive when they deserve to fail.
欧元国家债券信用风险分析
DOI：
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发表时间：
2013
期刊：
影响因子：
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作者：
Mizobata;S.;生越利昭;Fumio Nagai (共著）;刈屋武昭，山村能郎，乾孝治，田野倉葉子，王竹
通讯作者：
刈屋武昭，山村能郎，乾孝治，田野倉葉子，王竹