Study Risk Contagion Of Interbank Market Based On ABM

This article use the Agent-Base Method,based on the heterogeneous agents' simplified bank balance sheet,consider the safety,liquidity and profitability to determine the internbank market rate,building the model of each agent.Then based on the real trading style,building the inter-bank market through agent trading with others.This paper simulating different conditions like external shocks,bank's management policy,external borrowing rate and macro monetary policy and so on,to study the stability of interbank market.What we can find in this study is:1 ? aggregate bank management policy can cause the interbank market shock,and the unsafety can“contagion” risk to the counterpart bank;2 ? interbank market can save bank with liquidity gap,but agent will die under non market oriented lending rate;3?loose macro monetary policy can help interbank market save falling agent;4?the risk resisting ability of interbank market is very low.So,as what we can learn from this study: 1?banks and regulatory authorities should do more work in supervision and management of the bank's risk index;2?prudent monetary policy can effectively prevent the outbreak of the risk;3?when there is abnormal trading in interbank market,regulatory authorities should act in time to prevent system risk broke out.