Banks, Market Organization, and Macroeconomic Performance: An Agent-Based Computational Analysis
---- Acknowledgements -----
The authors are grateful for suggestions from Blake LeBaron, Ned Phelps, Bob Tetlow, and various seminar participants at the Federal Reserve Bank of Cleveland, the Marschak Colloquium at UCLA, the Center on Capitalism and Society at Columbia, Brandeis University, Columbia Business School, the Federal Reserve Bank of Dallas, the National Bank of Austria, Brown, and MIT, none of whom bears any responsibility for errors or should be taken to endorse the analysis. The research was supported by an NSF grant. The C++ code for the computational model is available for download at http:
//www.econ.brown.edu/fac/Peter_Howitt/working/BankFail.zip. It was compiled and run as a 32 bit Windows application. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.