Causal relationship between the global foreign exchange market based on complex networks and entropy theory
G Cao, Q Zhang, Q Li - Chaos, solitons & fractals, 2017 - Elsevier
The foreign exchange (FX) market is a typical complex dynamic system under the
background of exchange rate marketization reform and is an important part of the financial …
background of exchange rate marketization reform and is an important part of the financial …
Influence of ESG on corporate debt default risk: An analysis of the dual risk scenarios
In the context of sustainable development and high-quality corporate growth, this study
examines the impact of Environmental, Social, and Governance (ESG) performance on …
examines the impact of Environmental, Social, and Governance (ESG) performance on …
Monetary policy and large crises in a financial accelerator agent-based model
An accommodating monetary policy followed by a sudden increase of the short term interest
rate often leads to a bubble burst and to an economic slowdown. Through the …
rate often leads to a bubble burst and to an economic slowdown. Through the …
Managerial overconfidence in capital structure decisions and its link to aggregate demand: An agent-based model perspective
Objective This study aims to connect two strands of the psychology and economics literature,
ie, behavioural finance and agent-based macroeconomics, to assess the impact of …
ie, behavioural finance and agent-based macroeconomics, to assess the impact of …
Complex agent-based models
M Gallegati - 2018 - Springer
“Why did no one see the crisis coming?” asked the Queen about the Great Recession. The
problem, however, lies not in the prediction, but in the fact that the dominant economic …
problem, however, lies not in the prediction, but in the fact that the dominant economic …
Firm–bank credit network, business cycle and macroprudential policy
We present an agent-based model to study firm–bank credit market interactions in different
phases of the business cycle. The business cycle is exogenously set, and it can give rise to …
phases of the business cycle. The business cycle is exogenously set, and it can give rise to …
[HTML][HTML] Managerial overconfidence in initial public offering decisions and its impact on macrodynamics and financial stability: Analysis using an agent-based model
In this study we build a macroeconomic agent-based model that is calibrated for the specific
case of Poland to explore whether the overconfidence of top corporate managers in the …
case of Poland to explore whether the overconfidence of top corporate managers in the …
Using entropy to evaluate the impact of monetary policy shocks on financial networks
P Caraiani, AV Lazarec - Entropy, 2021 - mdpi.com
We analyze the changes in the financial network built using the Dow Jones Industrial
Average components following monetary policy shocks. Monetary policy shocks are …
Average components following monetary policy shocks. Monetary policy shocks are …
The day after tomorrow: financial repercussions of COVID-19 on systemic risk
In this paper, we study the financial repercussions of COVID-19 and the effect of anti-
epidemic measures on financial markets. By using a composite dataset containing stock …
epidemic measures on financial markets. By using a composite dataset containing stock …