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Probability, Uncertainty and Quantitative Risk
Fig. 11 | Probability, Uncertainty and Quantitative Risk

Fig. 11

From: The joint impact of bankruptcy costs, fire sales and cross-holdings on systemic risk in financial networks

Fig. 11

Contour plot of the number of defaults for n=100 banks as a function of fire sales in the joint model (α=0.9,β=0.9,c=0.5,d=10,κ=0.8, \(\mathbb {I}=\boldsymbol {1}\)), conditional on an initial core default, averaged over 100 simulations of Π, simulated as a core-periphery random network, each averaged over 100 simulations of C simulated as an Erdös–Rényi random network. The simulation procedure is explained in Remark 4.1

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