The Stability of Interbank Market Network: A Perspective on Contagion and Risk Sharing

Table 3

ICBC as the source of risk contagion.

Time	Loss rate	1st	2nd	3rd	4th	5th	6th
2007	0.95	CIB, HXB, CEB, BOB	CMB	None
2008	0.85	CIB	SPDB, CEB	BOCOM, HXB, SDB	BOB	None
2009	0.95	SPDB, CEB	HXB, SDB, NBCB	CIB	CNCB, CMBC	BOB	None
2011	0.99	BOB	CIB, CNCB, SPDB	BOC, CMBC, HXB, CEB, BON, NBCB	BOCOM, CMB, SDB	None

Notes: The table presents the results of the risk contagion exercises for ICBC, which are reported for four different years when may cause numerous breakdowns. The second column gives the loss rate that will lead to systemic risk. The third to the eighth columns give the failed banks in each round.