View source: R/lib_Network_Evaluations.R
default | R Documentation |
Computes bank defaults based on a liabilities matrix and external assets and liabilities.
default(L, ea, el = 0, method = c("clearing", "cascade"), ...)
L |
liability matrix |
ea |
vector of external assets |
el |
vector of external liabilites. |
method |
the method to be used. See Details. |
... |
Additional information for the various methods. See Details. |
A list with at least one element "defaultind", which is a vector indicating which banks default (1=default, 0= no default). Depending on the method, other results such as the clearing vector may also be reported.
default_cascade
, default_clearing
,
ea <- c(1/2,5/8,3/4)
el <- c(3/2,1/2,1/2)
x <- 0.5
L <- matrix(c(0,x,1-x,1-x,0,x,x,1-x,0),nrow=3)
default(L,ea,el)
default(L,ea,el,"cascade")
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