An endogenous model of the credit network

Jianmin He, Xin Sui and Shouwei Li

Physica A: Statistical Mechanics and its Applications, 2016, vol. 441, issue C, 1-14

Abstract: In this paper, an endogenous credit network model of firm–bank agents is constructed. The model describes the endogenous formation of firm–firm, firm–bank and bank–bank credit relationships. By means of simulations, the model is capable of showing some obvious similarities with empirical evidence found by other scholars: the upper-tail of firm size distribution can be well fitted with a power-law; the bank size distribution can be lognormally distributed with a power-law tail; the bank in-degrees of the interbank credit network as well as the firm–bank credit network fall into two-power-law distributions.

Keywords: Credit network; Firm–bank network; Interfirm network; Interbank network; Firm size distribution; Degree distribution (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:441:y:2016:i:c:p:1-14

DOI: 10.1016/j.physa.2015.08.028

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