Liquidity Hoarding in Financial Networks: The Role of Structural Uncertainty

Figure 15

Probability of systemic failure across all scenarios. CI = Complete information; LI = local information; NI = noisy information; DI = delayed information; LI1 and LI2 = scenarios in which banks have access only to information at distance 1 and 2, respectively; NI5 and NI30 = scenarios in which noise parameter v is 5% and 30%, respectively; the delay scenarios are defined in Table 1.