Tag Archives: Jacky Mallett


Threadneedle is a simulation framework developed to explore the behavior of the banking system. We are aiming to reproduce the behavior of banking systems using the Basel 2 and 3 Regulatory frameworks, as well as local Icelandic regulations, as exactly as possible.

The framework uses full double-entry bookkeeping for all transactions performed within the banking system, which we have documented in the paper Description of the Operational Mechanics of a Basel Regulated Banking System for validation and checking.

Threadneedle draws its name from the street in London, famous for being the site for the Bank of EnglandThreadneedle Street, London. Famous for being the site of the Bank of England.

Over the last fifty years, computer science has developed a great deal of experience in analyzing and troubleshooting distributed systems like the banking system. Viewed as a distributed system, the monetary system is an example of a relatively unusual (for computer science) closed network, where the operation of the system depends on packets of information (money) continuously circulating in the economy, and being used to determine the price signal for the economy.

By treating the banking system as a distributed system, and applying the same analytical techniques that we use when designing and engineering larger scale critical real-time systems such as the Internet, we hope to cast light on some of its ‘features’ such as the periodic credit crises that have afflicted western economies in the three hundred years since the effective introduction of modern banking.

Video Presentation from IIIM’s and CADIA’s Open Day – Dr. Jacky Mallett

Dr. Jacky Mallett.

At a time of uncertainty in the global economy, it is time to examine accepted economic theories. This is why Dr. Jacky Mallett introduced a very simple simulation of a one product economy with a constant money supply. Working with established equations, Dr. Mallett began questioning theories at the heart of the field. The results of her simulation have revealed that even the simplest economy has complexities that economists do not fully take into account, and that the market can behave in unexpected ways.

Continue reading Video Presentation from IIIM’s and CADIA’s Open Day – Dr. Jacky Mallett

Visit us on IIIM & CADIA Open Day!

This spring IIIM is continuing it’s tradition on having an Open Day for all of those interested in the newest achievements in the field of AI. This year we have invited one of our closest collaborators Center for Analysis and Design of Intelligent Agents (CADIA) to join the event with several exciting presentations.

Continue reading Visit us on IIIM & CADIA Open Day!