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Contagion Risks and Systemic Stability in Financial Networks
Mathematical Problems in Engineering
An agent-based model is proposed, constructing an evolutionary banking system, where interbank loans and investment strategies are, respectively, determined by liquidity shortage and utility maximization. The causes of systemic risk are then explored based on the evolutionary banking system, which is calibrated by a sample from China. The regulatory interventions indicate the positive effects of increased investment assets, while the negative but inappreciable effects of increased interbankdoi:10.1155/2021/6123989 fatcat:3piefq7gsja3flqf7r5pmbqxri