2015 Fiscal Year Final Research Report
Robustness and Fragility on Financial Networks
| Project/Area Number |
24730278
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Multi-year Fund |
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| Research Field |
Public finance/Monetary economics
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| Research Institution | Waseda University |
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Principal Investigator |
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| Project Period (FY) |
2012-04-01 – 2016-03-31
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| Keywords | 金融システム / 銀行預金 / 正直な選好 / メカニズムデザイン / 繰り返しゲーム |
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| Outline of Final Research Achievements |
Financial systems can be down by people’s “bad” behavior. This study investigates the possibility of the prevention of financial-system-down by using theoretical models of banking, mechanism design, and repeated games. I show that a deposit contract that uses preference for honesty is effective for the prevention of bank runs by a single bank. If there are multiple banks in a market and they are long-lived players, they accommodate assets each other as their optimal behavior.
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| Free Research Field |
金融論 ミクロ経済学 ゲーム理論
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