The analysis of the systemic risk in the financial markets with large-scale artificial market simulation

在本研究中，我们旨在通过使用人工市场系统来澄清金融市场中系统性风险的特征。结果如下：(1)我们开发了U-Mart系统Ver.4，实现了现实的金融体系和市场体系。(2)分析了金融市场的系统性风险结构，构建了人工市场实验平台。(3)利用人工市场进行模拟分析，并将其定性为理论上最优的秩序，然而，计划的大规模模拟实验不可能给出令人满意的结果。大规模的模拟实验是未来的一个问题。

In this research, we aimed to clarify the characteristics of the systemic risk in the financial markets through the use of an artificial market system. Their results are as follows.(1)We have developed the U-Mart system Ver.4 that implements the financial system and market system of reality. (2)We have analyzed the structure of systemic risk in the financial markets, then have developed an experimental platform of artificial market. (3)By performing a simulation analysis using artificial market, and were characterized as theoretically optimal orderHowever, it was not possible to give a satisfactory results for the large-scale simulation experiments that had been planned. The large-scale simulation experiments are an issue in the future.