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Table 1 Extension parameters

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

Parameter Description Range of variation
α Realized fraction of external asset value in case of bankruptcy [0.5,1]
β Realized fraction of interbank asset value in case of bankruptcy [0,1]
ρ Proportion of the illiquid asset [0,0.05]
γ Exponent of the inverse demand function [0,1]
c Integration of the cross-holdings matrix [0,0.9]
d Diversification of the cross-holdings matrix [1,90]
κ Realized fraction of cross-holdings’ market value [0,1]
\(\mathbb {I}\) Order of liquidation {0,1}