In this section, we will present the results of the execution of the simulation using the model described in the previous section.

Figure 6. The loss distributions for the Mexican banking system

Figure 7. The joint loss distribution for the Mexican banking system

We will present in first place the System’s Distribution of Losses (SDL) originated from shocks to the macroeco­nomic model, which are translated into market and credit losses. Afterwards, we will show the effect on the distribution of losses of some stronger shocks and the derived contagion effects.

3.1.