def test_banks1(self):
for b, inv in zip(range(5), [50, 20, 40, 30, 80]):
iv = self.banks[b].investment_value()
eq_(inv, iv, "Bank %r inv value should be %r but is %r (1)" % (b, inv, iv))
for b, l in zip(range(5), [10, 10, 20, 30, 40]):
bl = network.bank_lending(self.simInfo, self.banks[b])
eq_(l, bl, "Bank %r lending should be %r but is %r (1)" % (b, l, bl))
for b, l in zip(range(5), [0, 1, 2, 3, 4]):
bl = network.bank_lending(self.simInfo, self.banks[0], self.banks[b])
eq_(l, bl, "Bank0 lending to %r should be %r but is %r (1)" % (b, l, bl))
for b, l in zip(range(5), [100, 1, 2, 3, 4]):
bl = network.bank_borrowing(self.simInfo, self.banks[b])
eq_(l, bl, "Bank %r borrowing should be %r but is %r (1)" % (b, l, bl))
for b, l in zip(range(5), [0, 10, 20, 30, 40]):
bl = network.bank_borrowing(self.simInfo, self.banks[0], self.banks[b])
eq_(l, bl, "Bank0 borrowing from %r should be %r but is %r (1)" % (b, l, bl))
for b, l in zip(range(5), [110, 21, 32, 43, 54]):
bl = self.banks[b].total_liabilities()
eq_(l, bl, "Bank %r liabilities should be %r but is %r (1)" % (b, l, bl))
for b, l in zip(range(5), [110, 50, 75, 70, 125]):
bl = self.banks[b].total_assets()
eq_(l, bl, "Bank %r assets should be %r but is %r (1)" % (b, l, bl))
for b, l in zip(range(5), [0, 29, 43, 27, 71]):
bl = self.banks[b].equity_value()
eq_(l, bl, "Bank %r equity should be %r but is %r (1)" % (b, l, bl))
self.simInfo.updateCount = 6
for b, d, c in zip(range(5), [9, 18, 27, 36, 45], [49, 18, 12, 6, 0]):
self.banks[b].withdraw_deposits(0.1)
dep = self.banks[b].deposits
cash = self.banks[b].cash
eq_(d, dep, "Bank %r deposits should be %r but is %r (1)" % (b, d, dep))
eq_(c, cash, "Bank %r cash should be %r but is %r (1)" % (b, c, cash))
for b, l in zip(range(5), [0, 29, 43, 27, 71]):
bl = self.banks[b].equity_value()
eq_(l, bl, "Bank %r equity should be %r but is %r (2)" % (b, l, bl))
def test_banks_assets(self):
simulator.do_economy_parameters(self.simInfo, self.pList, self.parameterDefs)
simulator.do_bank_parameters(self.simInfo, self.pList, self.parameterDefs)
eq_(len(self.simInfo.bankDirectory), 3, "Expected 3 banks but got %r" % len(self.simInfo.bankDirectory))
b1 = self.simInfo.bankDirectory["bank1"]
b2 = self.simInfo.bankDirectory["bank2"]
e1 = self.simInfo.economyDirectory["econ1"]
e2 = self.simInfo.economyDirectory["econ2"]
eq_(b1.economy, e1, "expected bank1's economy to be econ1 but is %r" % b1.economy)
eq_(b2.economy, e2, "expected bank2's economy to be econ2 but is %r" % b2.economy)
assert simulator.check_bank_nodes(self.simInfo)
simulator.reset_economies(self.simInfo)
simulator.reset_banks(self.simInfo)
# expect the following bank loans to be in place:
# bank1 -> bank2, mean size 10
# bank2 -> bank1, mean size 20
# bank2 -> bank3, mean size 20
# bank3 -> bank1, mean size 30
b3 = self.simInfo.bankDirectory["bank3"]
for bFrom, bTo, bl in zip([b1, b2, b2, b3], [b2, b1, b3, b1], [10, 20, 20, 30]):
lending = network.bank_lending(self.simInfo, bFrom, bTo)
assert abs(bl - lending) < 10, ("expected lending from %s to %s to be roughly %r but is %r" %
(bFrom.id_, bTo.id_, bl, lending))
borrowing = network.bank_borrowing(self.simInfo, bTo, bFrom)
assert abs(bl - borrowing) < 10, ("expected borrowing to %s from %s to be roughly %r but is %r" %
(bTo.id_, bFrom.id_, bl, borrowing))
for b, far, cr, capR in zip([b1, b2, b3], [0.30, 0.40, 0.25], [0.1, 0.15, 0.15], [0.15, .2, .125]):
assert approx_equal(b.total_assets(), b.total_liabilities() + b.equity_value(), .0000001), \
"Expected %s balance sheet to balance: assets %f, liabilities %f, capital %f" % (
b.id_, b.total_assets(), b.total_liabilities(), b.equity_value())
thisFar = b.financial_asset_ratio()
thisCr = b.cash / b.total_assets()
thisCapR = b.equity_value() / b.total_assets()
if b.deposits > 0: # there was no hanky panky
assert approx_equal(far, thisFar, .0000001), ("Expected %s financial asset ratio to be %f but is %f" %
(b.id_, far, thisFar))
assert approx_equal(cr, thisCr, .0000001), ("Expected %s cash ratio to be %f but is %f" % (b.id_, cr, thisCr))
assert approx_equal(capR, thisCapR, .0000001), ("Expected %s capital ratio to be %f but is %f" %
(b.id_, capR, thisCapR))
else:
assert thisFar < far, ("Expected %s financial asset ratio to be less than %f but is %f" % (b.id_, far, thisFar))
assert thisCr > cr, ("Expected %s cash ratio to be greater than %f but is %f" % (b.id_, cr, thisCr))
assert thisCapR < capR, ("Expected %s capital ratio to be less than %f but is %f" %
(b.id_, capR, thisCapR))
def test_banks_per_bank(self):
self.simInfo.theParameters.set('loanSizeType', 'perBank')
simulator.do_economy_parameters(self.simInfo, self.pList, self.parameterDefs)
simulator.do_bank_parameters(self.simInfo, self.pList, self.parameterDefs)
simulator.reset_economies(self.simInfo)
simulator.reset_banks(self.simInfo)
b1 = self.simInfo.bankDirectory["bank1"]
b2 = self.simInfo.bankDirectory["bank2"]
b3 = self.simInfo.bankDirectory["bank3"]
# expect the following bank loans to be in place:
# bank1 -> bank2, total size 10
# bank2 -> bank1, } total size 20
# bank2 -> bank3, }
# bank3 -> bank1, total size 30
for bFrom, bTo, bl in zip([b1, b2, b2, b3], [b2, b1, b3, b1], [10, 10, 10, 30]):
lending = network.bank_lending(self.simInfo, bFrom, bTo)
assert abs(bl - lending) < 10, ("expected lending from %s to %s to be roughly %r but is %r" %
(bFrom.id_, bTo.id_, bl, lending))
borrowing = network.bank_borrowing(self.simInfo, bTo, bFrom)
assert abs(bl - borrowing) < 10, ("expected borrowing to %s from %s to be roughly %r but is %r" %
(bTo.id_, bFrom.id_, bl, borrowing))
def test_default_bank(self):
self.banks[1].cash = -10
# this sends it insolvent
# with assets 20 and liabilities 21
self.banks[1].check_solvency()
prop = 20.0 / 21.0
self.simInfo.updateCount = 2
affected = network.do_default_loans(self.simInfo, self.banks[1], prop)
eq_(1, len(affected), "1 bank should be affected, but %r are" % len(affected))
assert self.banks[0] in affected, "Bank 0 should be affected but isn't"
# 0 had lent 1 1, and borrowed 10
# orig bank lending and borrowing:
# lending: 0 10, 1 10, 2 20, 3 30, 4 40
# borrowing: 0 100, 1 1, 2 2, 3 3, 4 4
bl = network.bank_lending(self.simInfo, self.banks[1])
assert approx_equal(10, bl, 0.0000001), "Bank %r lending should be %r but is %r (def1)" % (0, 10, bl)
# the lending has been netted off...
bl = network.bank_borrowing(self.simInfo, (self.banks[1]))
assert approx_equal(prop, bl, 0.0000001), "Bank %r lending should be %r but is %r (def2)" % (0, prop, bl)
eq_(1, len(affected), "1 banks should be affected, but %r are" % len(affected))
def test_lending(self):
# check individual loans between the banks in both directions
for b, l, factor in zip(range(5), [10, 10, 20, 30, 40], [.5, 0, .1, .6, .8]):
thisBank = self.banks[b]
thisBank.parameters.set('loanShockFactor', factor)
# used later...
bl = network.bank_lending(self.simInfo, self.banks[b])
eq_(l, bl, "Bank %r lending should be %r but is %r (mat1)" % (b, l, bl))
if b != 0:
lHistory0 = self.banks[0].borrowingHistory[thisBank]
# should have only initial setup in
eq_(len(lHistory0), 1,
"expected loan history from %r to 0 to have 1 entry but got %r" % (b, len(lHistory0)))
when, amount = lHistory0[0]
eq_(when, 0, "expected last loan history item from %r to 0 to be at time 0 but got %r" % (b, when))
eq_(amount, l,
"expected last loan history item from %r to 0 to be amount %r but got %r" % (b, l, amount))
for b, l in zip(range(5), [100, 1, 2, 3, 4]):
thisBank = self.banks[b]
bl = network.bank_borrowing(self.simInfo, self.banks[b])
eq_(l, bl, "Bank %r borrowing should be %r but is %r (mat2)" % (b, l, bl))
lHistory = thisBank.borrowingHistory
if b == 0:
eq_(len(lHistory), 4, "expected loan history for %r to have length 4 but got %r" % (b, len(lHistory)))
else:
eq_(len(lHistory), 1, "expected loan history for %r to have length 1 but got %r" % (b, len(lHistory)))
lHistory0 = lHistory[self.banks[0]]
eq_(len(lHistory0), 1,
"expected loan history from 0 to %r to have 1 entry but got %r" % (b, len(lHistory0)))
when, amount = lHistory0[0]
eq_(when, 0, "expected last loan history item from 0 to %r to be at time 0 but got %r" % (b, when))
eq_(amount, l,
"expected last loan history item from 0 to %r to be amount %r but got %r" % (b, l, amount))
self.simInfo.updateCount = 2
for bank in self.banks:
bank.do_loan_shock()
for b, l in zip(range(5), [4.8, 5, 10, 15, 20]):
thisBank = self.banks[b]
bl = network.bank_lending(self.simInfo, self.banks[b])
assert approx_equal(l, bl, 0.000001), "Bank %r lending should be %r but is %r (mat3)" % (b, l, bl)
if b != 0:
lHistory0 = self.banks[0].borrowingHistory[thisBank]
# should have initial setup plus loan maturities
eq_(len(lHistory0), 2,
"expected loan history from %r to 0 to have 2 entries but got %r" % (b, len(lHistory0)))
when, amount = lHistory0[1]
eq_(when, 2, "expected last loan history item from %r to 0 to be at time 2 but got %r" % (b, when))
eq_(amount, l,
"expected last loan history item from %r to 0 to be amount %r but got %r" % (b, l, amount))
for b, l in zip(range(5), [50, 1, 1.8, 1.2, .8]):
thisBank = self.banks[b]
bl = network.bank_borrowing(self.simInfo, self.banks[b])
assert approx_equal(l, bl, 0.0000001), "Bank %r borrowing should be %r but is %r (mat4)" % (b, l, bl)
lHistory = thisBank.borrowingHistory
if b == 0:
eq_(len(lHistory), 4, "expected loan history for %r to have length 4 but got %r" % (b, len(lHistory)))
else:
eq_(len(lHistory), 1, "expected loan history for %r to have length 1 but got %r" % (b, len(lHistory)))
lHistory0 = lHistory[self.banks[0]] # history of borrowing from bank0
if b == 1:
# factor for bank 1 is 0, so nothing happens
lhLen = 1
lhWhen = 0
else:
lhLen = 2
lhWhen = 2
eq_(len(lHistory0), lhLen,
"expected loan history from 0 to %r to have %r entries but got %r" % (b, lhLen, len(lHistory0)))
when, amount = lHistory0[lhLen - 1]
eq_(when, lhWhen,
"expected last loan history item from 0 to %r to be at time %s but got %r" % (b, lhWhen, when))
assert approx_equal(amount, l, 0.0000001), (
"expected last loan history item from 0 to %r to be amount %r but got %r" % (
b, l, amount))
# orig cash: 50 20 15 10 5
for b, l in zip(range(5), [5.2, 25, 24.8, 23.2, 21.8]):
bank = self.banks[b]
bl = bank.cash
assert approx_equal(l, bl, 0.0000001), "Bank %r cash should be %r but is %r (mat5)" % (b, l, bl)
# orig liabilities: 110, 21, 32, 43, 54
for b, l in zip(range(5), [60, 21, 31.8, 41.2, 50.8]):
bank = self.banks[b]
bl = bank.total_liabilities()
eq_(l, bl, "Bank %r liabilities should be %r but is %r (mat6)" % (b, l, bl))
# orig assets: 110, 50, 75, 70, 125
for b, l in zip(range(5), [60, 50, 74.8, 68.2, 121.8]):
bank = self.banks[b]
bl = bank.total_assets()
eq_(l, bl, "Bank %r assets should be %r but is %r (mat7)" % (b, l, bl))
# equity value hasn't changed, as loans have just been swapped for cash
for b, l in zip(range(5), [0, 29, 43, 27, 71]):
bank = self.banks[b]
bl = bank.equity_value()
eq_(l, bl, "Bank %r equity should be %r but is %r (mat8)" % (b, l, bl))
