{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2024,9,5]],"date-time":"2024-09-05T19:44:47Z","timestamp":1725565487190},"reference-count":0,"publisher":"ECMS","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":[],"published-print":{"date-parts":[[2021,6,1]]},"abstract":"<jats:p>In our paper we model firms\u2019 liquidity using the Hua He methodology. We investigate how cooperation of firms improve the possibilites of liquidity management. During a crisis, various effects identified in the literature hurt firms\u2019 liquidity position and lead to increased bankruptcy risk. We may counterbalance these adverse effects by providing immediate cash transfers and granting periodic cash flow transfers or additional credit lines. Cooperating with peers pays off. The importance of liquidity transfer between agents is higher during a crisis than in normal economic environment. It contributes to a lower default rate the losses are more moderate as well. Several consequences can be drawn  for policy makers how ameliorate resilience of agents.<\/jats:p>","DOI":"10.7148\/2021-0095","type":"proceedings-article","created":{"date-parts":[[2021,4,29]],"date-time":"2021-04-29T09:24:07Z","timestamp":1619688247000},"page":"95-101","source":"Crossref","is-referenced-by-count":0,"title":["Modelling Economic Crises In Hua He Framework"],"prefix":"10.7148","author":[{"given":"Nora","family":"Felfoeldi-Szuecs","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Peter","family":"Juhasz","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Gabor","family":"Kuerthy","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Janos","family":"Szaz","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Agnes","family":"Vidovics-Dancs","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"4144","published-online":{"date-parts":[[2021,6,1]]},"event":{"name":"35th ECMS International Conference on Modelling and Simulation"},"container-title":["ECMS 2021 Proceedings edited by Khalid Al-Begain, Mauro Iacono, Lelio Campanile, Andrzej Bargiela"],"original-title":[],"deposited":{"date-parts":[[2021,4,29]],"date-time":"2021-04-29T09:24:13Z","timestamp":1619688253000},"score":1,"resource":{"primary":{"URL":"http:\/\/www.scs-europe.net\/dlib\/2021\/2021-0095.htm"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2021,6,1]]},"references-count":0,"URL":"https:\/\/doi.org\/10.7148\/2021-0095","relation":{},"subject":[],"published":{"date-parts":[[2021,6,1]]}}}