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Flow of Funds Modeling for Localized Financial Markets: An Application of Spatial Price and Allocation Activity Analysis Models

机译:本土化金融市场资金建模流程:空间价格与分配活动分析模型的应用

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摘要

A comprehensive examination of recent and proposed institutional and regulatory changes impacting local financial markets and a summary of the most important applications of mathematical programming to individual financial intermediaries and financial markets are presented. While U.S. financial markets face myriad regulatory and structural changes, there has been no systematic examination of the effects of these changes on local financial markets. Building on the concepts of self-dual quadratic programming models and mathematical models of individual intermediaries, a generalized perfect competition spatial price and allocation activity analysis model for localized financial markets is developed. The model provides an improved capability to reflect the topology of localized financial markets. There are two key structural aspects of the model; (1) activity analysis formulation of individual intermediary operations, and (2) simultaneous endogenous determination of pricing and flow of funds patterns in spatially separate source and use of funds markets. These aspects allow significant detail in modeling the financial intermediation process and considerable flexibility for policy analyses.

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