Complex Dynamics of Credit Risk Contagion with Time-Delay and Correlated Noises

<table>Bifurcation and chaotic properties of the dynamical system of credit risk contagion in the financial market when the time-delay <svg height="8.125" id="M78" style="vertical-align:-0.1638pt" version="1.1" viewbox="0 0 8.3374996 8.125" width="8.3374996" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink">
<g transform="matrix(.017,-0,0,-.017,.062,7.863)"><path d="M471 456q-22 -60 -37 -85q-20 -3 -84 -3q-9 0 -29 2t-29 2q-38 -145 -54 -234q-15 -80 14 -80q23 0 68 38l14 -25q-78 -83 -137 -83q-50 0 -50 64q0 25 7 57l67 266q-57 4 -98 -9t-80 -49l-20 21q14 18 27 31t36.5 30t56.5 26t73 9q26 0 82.5 -2t89.5 -2q21 0 32 5t24 24
z" id="x1D70F"></path></g>
</svg> is varied.</table>

Abstract and Applied Analysis

fig2

Figure 2

Figure 2: Complex Dynamics of Credit Risk Contagion with Time-Delay and Correlated Noises 