Economic Modelling

Threadneedle is not just a banking simulation project. It also allows simple models of market based economies to be constructed, and monetary flows within these models to be explored. Initially we intended this to be for testing purposes, and allow us to construct experiments exploring differences between economies with constant money supplies and those with varying ones, but it has already thrown up interesting insights of its own, as can be seen in this short lecture.

Contact

Jacky Mallett — jacky at iiim.is

Publications

• Description of the Operational Mechanics of a Basel Regulated Banking System (Draft)
• What are the limits on Commercial Bank Lending? Advances in Complex Systems, August 2012.
• A system analysis of the Basel Capital Accord’s Regulatory Control over the behaviour of
  Modern Banking Systems.
• Analysing the Behaviour of the Textbook Fractional Reserve Banking Model as a Complex Dynamic System. Proceedings Eighth International Conference on Complex Systems, New England Complex Systems Insitute, 2011.