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Probability, Uncertainty and Quantitative Risk
Fig. 5 | Probability, Uncertainty and Quantitative Risk

Fig. 5

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

Fig. 5

Contour plot of the number of defaults for n=100 banks as a function of both parameters of fire sales, ρ and γ, for α=0.9, β=0.9, c=0.5, d=10, κ=0.8, \(\mathbb {I}=\boldsymbol {1}\) in a and \(\mathbb {I}=\boldsymbol {0}\) in b, averaged over 100 simulations of Π, each averaged over 100 simulations of C. The simulation procedure is explained in Remark 4.1

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