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Banks_packages_creation.m
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Banks_packages_creation.m
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% for fist market only ----------------------------------------
display(NrDebitPackages);
if exist ('FirstMarket','var') > 0
FirstMarket=2;
else
TotNrDebitPackages=zeros(NrAgents.Banks,1);
Banks.MortgageProperty= zeros(NrAgents.Banks, NrAgents.Households);
for t=1: NrAgents.Banks
BanksHouseholds=[];
BanksHouseholds=Banks.MortgageArray{1,t}.HouseholdsId;
for f=1:NrAgents.Households
if BanksHouseholds(f)> 0
Banks.MortgageProperty(t,f)=1;
end
end
end
FirstMarket=1;
end
display(FirstMarket);
display(TotNrDebitPackages);
%---------------------------------------------------------------------
NrDebitPackages=zeros(NrAgents.Banks,1);
for t=1:NrAgents.Banks %each bank evaluates its debt and creates packages
%evaluation of the funds risk propensity
fundsRiskProp=zeros(NrAgents.Funds,1);
for f=1:NrAgents.Funds
fundsRiskProp(f,1)= Funds.data(f).riskPropensity;
end
averageRiskFundsProp= mean(fundsRiskProp);
%evaluation of mortgages risk levels
MortgagesRisk= zeros(NrAgents.Households,1);
BanksHouseholds=[];
BanksHouseholds=Banks.MortgageArray{1,t}.HouseholdsId;
for y=1:NrAgents.Households
s= BanksHouseholds(y);
if s>0
MortgagesRisk(y)= Banks.MortgageProperty(t,y)*(Households.TotalMortgage(y))*(2-((Households.Equity(y))/(Households.TotalAssets(y))));
end
end
% the packages are created considering the average funds risk propensity
% (we consider three different categories)
NrDebitPackages(t)= 0;
avgRisk=0;
varRisk=0;
avgRisk= mean(MortgagesRisk(MortgagesRisk~=0));
varRisk= sqrt(var(MortgagesRisk(MortgagesRisk ~= 0)));
if averageRiskFundsProp > ((NrRiskPropensityLevels+1)/2)+ (NrRiskPropensityLevels-(NrRiskPropensityLevels+1)/2)/2 % high propensity (average)
target= avgRisk+varRisk;
package1=zeros(NrAgents.Households,1);
package2=zeros(NrAgents.Households,1);
NrPackage1=0;
NrPackage2=0;
for y=1:NrAgents.Households
if MortgagesRisk(y) ~= 0
if MortgagesRisk(y)> target
PercentMortgage1 = 0.15 + (0.40-0.15)*rand();
PercentMortgage1=(round((10^4).*PercentMortgage1)./10^4);
PercentMortgage2= 1 - PercentMortgage1;
package1(y)= (round((10^4).*(PercentMortgage1 * Banks.MortgageProperty(t,y)))./10^4);
package2(y)= (round((10^4).*(PercentMortgage2 * Banks.MortgageProperty(t,y)))./10^4);
NrPackage1= NrPackage1 +1;
NrPackage2= NrPackage2 +1;
PercentMortgage1=0;
PercentMortgage2=0;
else
PercentMortgage1 = 0.60 + (0.90-0.60)*rand();
PercentMortgage1=(round((10^4).*PercentMortgage1)./10^4);
PercentMortgage2= 1 - PercentMortgage1;
package1(y)= (round((10^4).*(PercentMortgage1 * Banks.MortgageProperty(t,y)))./10^4);
package2(y)= (round((10^4).*(PercentMortgage2 * Banks.MortgageProperty(t,y)))./10^4);
NrPackage1= NrPackage1 +1;
NrPackage2= NrPackage2 +1;
PercentMortgage1=0;
PercentMortgage2=0;
end
if (mean(package1(package1 ~= 0))>= target && NrPackage1> 5)|| NrPackage1> 18
NrDebitPackages(t)= (NrDebitPackages(t))+1;
Banks.Packages(t,NrDebitPackages(t)+ TotNrDebitPackages(t)).composition= package1;
package1=zeros(NrAgents.Households,1);
NrPackage1=0;
end
if (mean(package2 (package2 ~= 0))>= target && NrPackage2> 5 ) || NrPackage2> 18
NrDebitPackages(t)= (NrDebitPackages(t))+1;
Banks.Packages(t,NrDebitPackages(t)+ TotNrDebitPackages(t)).composition= package2;
package2=zeros(NrAgents.Households,1);
NrPackage2=0;
end
end
if y== NrAgents.Households && NrPackage1 ~= 0
NrDebitPackages(t)= (NrDebitPackages(t))+1;
Banks.Packages(t,NrDebitPackages(t)+ TotNrDebitPackages(t)).composition= package1;
end
if y== NrAgents.Households && NrPackage2 ~= 0
NrDebitPackages(t)= (NrDebitPackages(t))+1;
Banks.Packages(t,NrDebitPackages(t)+ TotNrDebitPackages(t)).composition= package2;
end
end
else
if averageRiskFundsProp < (NrRiskPropensityLevels+1)/2 - (NrRiskPropensityLevels-(NrRiskPropensityLevels+1)/2)/2 % low propensity
target= avgRisk-varRisk;
package1=zeros(NrAgents.Households,1);
package2=zeros(NrAgents.Households,1);
NrPackage1=0;
NrPackage2=0;
for y=1:NrAgents.Households
if MortgagesRisk(y) ~= 0
if MortgagesRisk(y)> target
PercentMortgage1 = 0.15 + (0.40-0.15)*rand();
PercentMortgage1=(round((10^4).*PercentMortgage1)./10^4);
PercentMortgage2= 1 - PercentMortgage1;
package1(y)= (round((10^4).*(PercentMortgage1 * Banks.MortgageProperty(t,y)))./10^4);
package2(y)= (round((10^4).*(PercentMortgage2 * Banks.MortgageProperty(t,y)))./10^4);
NrPackage1= NrPackage1 +1;
NrPackage2= NrPackage2 +1;
PercentMortgage1=0;
PercentMortgage2=0;
else
PercentMortgage1 = 0.70 + (0.95-0.70)*rand();
PercentMortgage1=(round((10^4).*PercentMortgage1)./10^4);
PercentMortgage2= 1 - PercentMortgage1;
package1(y)= (round((10^4).*(PercentMortgage1 * Banks.MortgageProperty(t,y)))./10^4);
package2(y)= (round((10^4).*(PercentMortgage2 * Banks.MortgageProperty(t,y)))./10^4);
NrPackage1= NrPackage1 +1;
NrPackage2= NrPackage2 +1;
PercentMortgage1=0;
PercentMortgage2=0;
end
if (mean(package1(package1~=0))<= target && NrPackage1 > 5) || NrPackage1 > 18
NrDebitPackages(t)= (NrDebitPackages(t))+1;
Banks.Packages(t,NrDebitPackages(t)+ TotNrDebitPackages(t)).composition= package1;
package1=zeros(NrAgents.Households,1);
NrPackage1=0;
end
if (mean(package2(package2 ~= 0))<= target && NrPackage2> 5) || NrPackage2 > 18
NrDebitPackages(t)= (NrDebitPackages(t))+1;
Banks.Packages(t,NrDebitPackages(t)+ TotNrDebitPackages(t)).composition= package2;
package2=zeros(NrAgents.Households,1);
NrPackage2=0;
end
end
if y== NrAgents.Households && NrPackage1 ~= 0
NrDebitPackages(t)= (NrDebitPackages(t))+1;
Banks.Packages(t,NrDebitPackages(t)+ TotNrDebitPackages(t)).composition= package1;
end
if y== NrAgents.Households && NrPackage2 ~= 0
NrDebitPackages(t)= (NrDebitPackages(t))+1;
Banks.Packages(t,NrDebitPackages(t)+ TotNrDebitPackages(t)).composition= package2;
end
end
else % medium propensity
target= avgRisk;
package1=zeros(NrAgents.Households,1);
package2=zeros(NrAgents.Households,1);
NrPackage1=0;
NrPackage2=0;
for y=1:NrAgents.Households
if MortgagesRisk(y) ~= 0
if MortgagesRisk(y)> target
PercentMortgage1 = 0.25 + (0.40-0.25)*rand();
PercentMortgage1=(round((10^4).*PercentMortgage1)./10^4);
PercentMortgage2= 1 - PercentMortgage1;
package1(y)= (round((10^4).*(PercentMortgage1 * Banks.MortgageProperty(t,y)))./10^4);
package2(y)= (round((10^4).*(PercentMortgage2 * Banks.MortgageProperty(t,y)))./10^4);
NrPackage1= NrPackage1 +1;
NrPackage2= NrPackage2 +1;
PercentMortgage1=0;
PercentMortgage2=0;
else
PercentMortgage1 = 0.25 + (0.40-0.25)*rand();
PercentMortgage1=(round((10^4).*PercentMortgage1)./10^4);
PercentMortgage2= 1 - PercentMortgage1;
package1(y)= (round((10^4).*(PercentMortgage1 * Banks.MortgageProperty(t,y)))./10^4);
package2(y)= (round((10^4).*(PercentMortgage2 * Banks.MortgageProperty(t,y)))./10^4);
NrPackage1= NrPackage1 +1;
NrPackage2= NrPackage2 +1;
PercentMortgage1=0;
PercentMortgage2=0;
end
if (mean(package1(package1 ~=0))>= target-varRisk && mean(package1)<= target+varRisk && NrPackage1> 5) || NrPackage1 > 18
NrDebitPackages(t)= (NrDebitPackages(t))+1;
Banks.Packages(t,NrDebitPackages(t)+ TotNrDebitPackages(t)).composition= package1;
package1=zeros(NrAgents.Households,1);
NrPackage1=0;
end
if (mean(package2(package2 ~= 0))>= target- varRisk && mean(package2)<= target+ varRisk && NrPackage2> 5) || NrPackage2 > 18
NrDebitPackages(t)= (NrDebitPackages(t))+1;
Banks.Packages(t,NrDebitPackages(t)+ TotNrDebitPackages(t)).composition= package2;
package2=zeros(NrAgents.Households,1);
NrPackage2=0;
end
end
if y== NrAgents.Households && NrPackage1 ~= 0
NrDebitPackages(t)= (NrDebitPackages(t))+1;
Banks.Packages(t,NrDebitPackages(t)+TotNrDebitPackages(t)).composition= package1;
end
if y== NrAgents.Households && NrPackage2 ~= 0
NrDebitPackages(t)= (NrDebitPackages(t))+1;
Banks.Packages(t,NrDebitPackages(t)+ TotNrDebitPackages(t)).composition= package2;
end
end
end
end
end
% TotNrDebitPackages updating
TotNrDebitPackages = TotNrDebitPackages + NrDebitPackages;
%new structure for NrDebitPackages
NrDebitPackages_newstruct=[];
NrPack=0;
p=1;
for u=1:NrAgents.Banks
NrPack= NrDebitPackages(u);
for q=1:NrPack
NrDebitPackages_newstruct(p)= u;
p=p+1;
end
NrPack=0;
end
display(NrDebitPackages);
display(TotNrDebitPackages);
MortgageProperty_correction