38 lines
3.1 KiB
Markdown
38 lines
3.1 KiB
Markdown
# FQBM Framework Summary
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## Core identity (Part I)
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- **Accounting**: \( A = L + E \)
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- **Open economy**: \( A_{dom} + A_{ext} = L_{dom} + L_{ext} + E \)
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Every financial asset is someone else’s liability (within or across borders).
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## Four-quadrant matrix
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| Assets (Dr) | Assets (Cr) | Liabilities (Dr) | Liabilities (Cr) |
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All monetary operations must balance across this structure.
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## Parts of the white paper (one sentence each)
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| Part | Topic | Implementation |
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|------|--------|-----------------|
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| **I** | Accounting foundation: A = L + E, four-quadrant matrix, open-economy identity. | `fqbm.state`, `fqbm.matrix` (four_quadrant_matrix, cross_sector_consistency_check). |
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| **II** | Closed-economy monetary dynamics: central bank and commercial bank balance sheets. | `fqbm.sheets.central_bank`, `fqbm.sheets.commercial_bank`; state B, R, C, Loans, Deposits, E_cb, E_b, L_cb. |
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| **III** | Open-economy extension: BoP, parity conditions. | `open_economy_view()`; state S, K. |
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| **IV** | Capital flows and FX dynamics: CIP, UIP, Dornbusch, pass-through. | `fqbm.sheets.fx_parity`; Part X regressions (capital flow sensitivity). |
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| **V** | Sovereign risk and CDS: spread, debt sustainability. | `fqbm.sheets.sovereign_debt`; run_sovereign_spread. |
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| **VI** | Commodity shock channel: inflation composite, oil/commodity. | `fqbm.sheets.commodity`; state O. |
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| **VII** | Shadow banking and leverage: repo multiplier, margin spiral. | `fqbm.sheets.shadow_banking`; run_workbook(shadow_params=...); dashboard repo_multiplier. |
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| **VIII** | Derivatives clearing and CCP: margin flows, default waterfall. | `fqbm.sheets.ccp`; run_workbook(ccp_params=...). Full clearing balance sheet not modeled (see RECOMMENDATIONS.md). |
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| **IX** | CBDC and digital reserve architecture: deposit shift, funding gap. | `fqbm.sheets.cbdc`; FQBMState.cbdc_liability; run_workbook(cbdc_params=...). |
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| **X** | Empirical regression appendix: inflation pass-through, sovereign spread, capital flow. | `fqbm.empirical.regressions`; synthetic generators and run_*; required columns in DATA_DICTIONARY. |
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| **XI** | Historical case expansion: 1997, 2008, 2020, 2022 presets and narrative. | `fqbm.scenarios.presets`; get_case_narrative(name). |
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| **XII** | Quantitative stress tables: liquidity and capital stress. | `fqbm.sheets.capital_stress`; stress_tables. |
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| **XIII** | Monte Carlo simulation framework: shock draws, outcome distribution. | `fqbm.sheets.monte_carlo`; run_n_simulations. |
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| **XIV** | Full system differential model: trajectory and stability. | `fqbm.system.differential_model`; solve_trajectory, check_stability. |
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| **XV** | Policy implications: discussed in white paper; framework supports policy experiments. | Scenarios and parameters. |
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| **XVI** | Simulation workbook architecture: eight sheets, dashboard, export. | `fqbm.workbook.runner`; run_workbook. |
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This codebase implements the simulation workbook (Part XVI), Monte Carlo (XIII), differential model (XIV), empirical regressions (Part X), IPSAS presentation (fqbm.ipsas), scenario presets with get_case_narrative (Part XI), and data pipelines (fqbm.data.pipelines).
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