# FQBM Framework Summary

## Core identity (Part I)

- **Accounting**: \( A = L + E \)
- **Open economy**: \( A_{dom} + A_{ext} = L_{dom} + L_{ext} + E \)

Every financial asset is someone else’s liability (within or across borders).

## Four-quadrant matrix

| Assets (Dr) | Assets (Cr) | Liabilities (Dr) | Liabilities (Cr) |

All monetary operations must balance across this structure.

## Parts of the white paper

| Part | Topic |
|------|--------|
| I | Accounting foundation |
| II | Closed-economy monetary dynamics (CB, commercial bank) |
| III | Open-economy extension (BoP, parity) |
| IV | Capital flows and FX dynamics |
| V | Sovereign risk and CDS |
| VI | Commodity shock channel |
| VII | Shadow banking and leverage |
| VIII | Derivatives clearing and CCP |
| IX | CBDC and digital reserve architecture |
| X | Empirical regression appendix |
| XI | Historical case expansion |
| XII | Quantitative stress tables |
| XIII | Monte Carlo simulation framework |
| XIV | Full system differential model |
| XV | Policy implications |
| XVI | Simulation workbook architecture (eight sheets) |

This codebase implements the simulation workbook (Part XVI), Monte Carlo (XIII), differential model (XIV), and empirical regressions (Part X).