Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7243591 | Journal of Economic Behavior & Organization | 2014 | 17 Pages |
Abstract
In this paper we analyze the network structure that endogenously emerges in the credit market of the agent-based model of Riccetti et al. (2011), where two kinds of financial accelerators are at work: the “leverage accelerator” and the “network-based accelerator”. We focus on the properties of network topology and its interplay with the overall economic performance. Moreover, we empirically calibrate the banking network in the model by using Japanese real data.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Leonardo Bargigli, Mauro Gallegati, Luca Riccetti, Alberto Russo,