Before revision:   Our paper introduces a deliberately simplified model which integrates insolvency and illiquidity in financial networks and that can provide answers to the question of how illiquidity or default of one bank can influence the overall level of liquidity stress and default in the network.
After revision:  Our paper introduces a deliberately simplified network model of insolvency and illiquidity in financial networks and that can provide answers to the question of how illiquidity or default of one bank can influence the overall level of liquidity stress and default in the network.