This research investigates the stability and occurrence of Hopf bifurcation in a credit risk contagion model, which includes distributed delay, using the chain trick method. The model is a generalized version of those previously examined. The model is an expanded version of those previously studied. Comparative analysis showed that unlike earlier models, which only used the nonlinear resistance coefficient to determine the rate of credit risk infection, the credit risk contagion rate is also affected by the weight given to past behaviors of credit risk participants. Therefore, it is recommended to model the transmission of credit risk contagion using dispersed delays
Stability analysis of a credit risk contagion model with distributed delay / Anokye, Martin; Guerrini, Luca; Sackitey, Albert L.; Assabil, Samuel E.; Amankwah, Henry. - In: AXIOMS. - ISSN 2075-1680. - 13:7(2024). [10.3390/axioms13070483]
Stability analysis of a credit risk contagion model with distributed delay
Luca Guerrini
;
2024-01-01
Abstract
This research investigates the stability and occurrence of Hopf bifurcation in a credit risk contagion model, which includes distributed delay, using the chain trick method. The model is a generalized version of those previously examined. The model is an expanded version of those previously studied. Comparative analysis showed that unlike earlier models, which only used the nonlinear resistance coefficient to determine the rate of credit risk infection, the credit risk contagion rate is also affected by the weight given to past behaviors of credit risk participants. Therefore, it is recommended to model the transmission of credit risk contagion using dispersed delaysFile | Dimensione | Formato | |
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