We propose a new approach to assess systemic financial stability of a banking system using
standard tools from modern risk management in combination with a network model of …

What is the most appropriate combination of fiscal and monetary policies in economies
subject to banking crises and deep recessions? We study this issue using an agent-based …

We analyze the individual and macroeconomic impacts of heterogeneous expectations and
action rules within an agent‐based model populated by heterogeneous, interacting firms …

This article documents the large changes in the size distribution and size dynamics of banks
from 1960 to 2005. The authors find that neither the lognormal distribution nor the Pareto …

We develop a model of banking industry dynamics to study the relation between commercial
bank market structure, entry and exit along the business cycle, and the riskiness of …

This paper studies a simple dynamic model of interbank credit relationships. Starting from a
given balance sheet structure of a banking system with a realistic distribution of bank sizes …

Some US banks may be perceived as too big to fail: If any such bank were to get into trouble,
the market may expect a government bailout. In general, the possibility of contingent bailouts …

The international linkages between banks play a crucial role in today's global economy.
Existing models explain these links largely on the basis of portfolio theory, in which banks …

We study a credit network and, in particular, an interbank system with an agent-based
model. To understand the relationship between business cycles and cascades of …

The paper examines the quality of the BankScope database, by comparing results based on
it to those obtained from the population-level data for India disseminated by the Reserve …