Critical value of the total debt in view of the debts durations

I. A. Molotkov and N. A. Ryabova

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Abstract: Parastatistic distribution of a total debt owed to a large number of creditors considered in relation to the duration of these debts. The process of debt calculation depends on the fractal dimension of economic system in which this process takes place. Two actual variants of these dimensions are investigated. Critical values for these variants are determined. These critical values represent the levels after that borrower bankruptcy occurs. The calculation of the critical value is performed by two independent methods: as the point where the entropy of the system reaches its maximum value, and as the point where the chemical potential is zero, which corresponds to the termination of payments on the debt. Both methods lead to the same critical value. When the velocity of money circulation decrease, it is found for what dimensions critical debt value is increased and for what it is decreased in the case when the velocity of money circulation is increased.

Date: 2016-01, Revised 2016-02
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