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Risk analysis and controllability of credit market

机译:信贷市场的风险分析与可控性

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In this paper we present the behaviours of a simple credit market model built upon a static directed complex network topology. We found that the market structure plays a key role on the stability of such a model. Cyclic topologies accumulate more debt than acyclic ones, and when the total cash is less than the total debt, the market becomes unstable and exhibits chaotic behaviour. Exogenous creation of currency is used to control the market stability. Two regimes of control emerge depending on the credit market structure. First, power law control is needed for acyclic random topologies built upon Erdos-Rényi and Barabasi-Albert algorithms. Second, exponential control is needed to stabilize cyclic market built with the Watts-Strogatz algorithm.
机译:在本文中,我们介绍了基于静态有向复杂网络拓扑的简单信贷市场模型的行为。我们发现市场结构对这种模型的稳定性起着关键作用。循环拓扑累积的债务多于非循环拓扑,并且当总现金少于总债务时,市场会变得不稳定并表现出混乱的行为。货币的外生创造用于控制市场稳定。根据信贷市场结构,出现两种控制制度。首先,基于Erdos-Rényi和Barabasi-Albert算法的非循环随机拓扑需要幂律控制。其次,需要指数控制来稳定用Watts-Strogatz算法建立的循环市场。

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