Fig. 2From: The joint impact of bankruptcy costs, fire sales and cross-holdings on systemic risk in financial networksNumber of defaults for n=100 banks as a function of a integration and b diversification of the cross-holdings matrix C, realized fraction of cross-holdings’ market value κ=0.8, averaged over 100 simulations of Π, each averaged over 100 simulations of C. The simulation procedure is explained in Remark 4.1Back to article page