A Network Evolution Model of Credit Risk Contagion between Banks and Enterprises Based on Agent-Based Model

Table 1

Model baseline parameter values.

Parameter	Parameter meaning	Base case
	Number of firm agents	500
	Number of bank agents	50
	Number of model periods	500
	Initial net value of the firm	1
	Initial net value of the bank	3
	Firm capital production factor	0.1
	Firm loan repayment ratio	0.5
	Base rate	0.1
	Risk appetite factor of firm agents
	Sensitivity of banks to corporate target leverage	1/300
	The variance	1
	Real numbers	0.001
	Profit share that is not accumulated	0.4
	Fixed costs	0.01
	Constants	0.05
	Validity of past values of strategies	0.2
	The “forgetting” parameter	0.05
	The model of constant	0.01
	The model of constant	1