The Effect of Shadow Banking on the Systemic Risk in a Dynamic Complex Interbank Network System

Figure 3

The impact of the existence of shadow banking on the systemic risk (the parameters are set as follows:  = 0.0035, = 0.023,  = 0.15, = 0.3,  = 0.3, = 0.03, = 0.03,  = 1000,  =  = 500,  = 0.045,  = 3, = 3,  = 0.07,  = 0.03, = 0.01,  = 0.95,  = 0.5,  = 0.3, = 400,  = 400, and  = 0 for the case of no shadow banking and M = 100 and  = 300 for the case of existence of shadow banking).