Skip to main content
SpringerLink
Log in

Emergence and stability of key currency in artificial international trade

  • Special Feature
  • Published:
New Generation Computing Aims and scope Submit manuscript

Abstract

In this research, we tackled the emergence and stability of key currency when economic strength countries was equal. We propose an artificial international market model with currency credibility as the standard selected for payment. We constructed multiple markets based on the X-Economy System. Through simulations, we found the possibility that key currency could emerge in a symmetric situation, and market and the specialization of production could be stabilized by foreign exchange trade.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Log in via an institution

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

Institutional subscriptions

Similar content being viewed by others

References

  1. Izumi, K. and Ueda, K., “Emergent Phenomena in a Foreign Exchange Market: Analysis Based on an Artificial Market Approach,” inArtificial Life IV, MIT Press, pp. 398–402, 1998.

  2. Kawamura, H., Ohuchi, A., and Kurumatani, K., “Development of X-Economy System for Simulation of Multi-Agent Economy,” inAgent-Based Approaches in Economic and Social Complex Systems, IOS Press, pp. 188–197, 2002.

  3. Krugman, P. (ed.)Currency Crises, The University of Chicago Press, 2000.

  4. Kurumatani, K. and Ohuchi, A., “World Trade League: A Computational Simulation Framework for Economic Systems,” inAgent-based Approaches in Economic and Social Complex Systems, IOS Press, pp. 179–187, 2002.

  5. X-Economy Project official home page http://www.x-econ.org

  6. X-SS home page http://www.x-ss.org

  7. Steiglitz, K., Honig, M. L. and Cohen, L. M., “A Computational Market Model based on Individual Action,” inMarket-Based Control: A Paradigm for Distributed Resource Allocation, Chapter 1. World Scientific, 1996.

  8. Yasutomi, A., “The Emergence and Collapse of Money,”Physica D, 82, pp. 180–194, 1995.

    Article  MATH  Google Scholar 

Download references

Author information

Authors and Affiliations

  1. National Institute of Advanced Industrial Science and Technology, Aomi 2-41-6, Koto-ku, 135-0064, Tokyo, Japan

    Tomohisa Yamashita & Koichi Kurumatani

  2. Hokkaido University, Kita 13 Nishi 8, Kita-ku, 060-8628, Sapporo, Hokkaido, Japan

    Yuichi Sasaki, Hidenori Kawamura & Azuma Ohuchi

Authors
  1. Tomohisa Yamashita
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Koichi Kurumatani
    View author publications

    You can also search for this author in PubMed Google Scholar

  3. Yuichi Sasaki
    View author publications

    You can also search for this author in PubMed Google Scholar

  4. Hidenori Kawamura
    View author publications

    You can also search for this author in PubMed Google Scholar

  5. Azuma Ohuchi
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Tomohisa Yamashita.

Additional information

Formerly at Hokkaido University

Tomohisa Yamashita, Ph.D.: He received Ph.D. degree from Division of Systems and Information Engineering, Graduate School of Engineering, Hokkaido University, Japan in 2002. He is currently a research fellow in Cyber Assist Research Center (CARC), National Institute of Advanced Industrial Science and Technology (AIST), Japan. His research interests include multiagent simulation, multiagent systems, mass user support, intelligent transportation systems and game theory. He is a member of SICE and JSAI.

Koichi Kurumatani, Ph.D.: He received his Ph.D. Degree in 1989 from The University of Tokyo. He is currently a leader of Multiagent Research Team in Cyber Assist Research Center (CARC), National Institute of Advanced Industrial Science and Technology (AIST), Japan. His research interests include multiagent systems and mass user support. He is a member of JSAI, IPSJ, STI of Japan and AAAI.

Yuichi Sasaki: He is a master course student in Graduate School of Engineering, Hokkaido University, Japan. He studies on artificial market and multiagent systems.

Hidenori Kawamura, Ph.D.: He received Ph.D. degree from Division of Systems and Information Engineering, Graduate School of Engineering, Hokkaido University, Japan in 2000. He is currently an instructor in Graduate School of Information Science and Technology, Hokkaido University, Japan. His research interests include multiagent systems, mass user support, artificial intelligence, complex systems, and tourism informatics. He is a member of IPSJ, JSAI, IEICE, ORSJ, STI of Japan and AAAI of USA.

Azuma Ohuchi, Ph.D.: He received his Ph.D. degree in 1974 from Hokkaido University. He is currently a professor in Graduate School of Information Science and Technology, Hokkaido University Japan. His research interestes include systems information engineering, artificial intelligence, complex systems, tourism informatics and medical systems. He is a member of the IPSJ, JSAI, IEEJ, ORSJ, Soc. Contr. Eng., Jap. OR Soc., Soc. Med. Informatics, Hosp. Manag., STI of Japan and IEEE-SMC.

About this article

Cite this article

Yamashita, T., Kurumatani, K., Sasaki, Y. et al. Emergence and stability of key currency in artificial international trade. New Gener Comput 23, 13–22 (2005). https://doi.org/10.1007/BF03037646

Download citation

  • Received:

  • Issue Date:

  • DOI: https://doi.org/10.1007/BF03037646

Keywords

Search

Navigation