Before revision:  The experiments clearly support the main conclusion that  in the absence of  fire sales, the average eventual level of defaults in a financial network is negatively related to the strength of banks' liquidity stress response and the eventual level of stress in the network.
After revision:  The experiments clearly support the main conclusion that when banks respond to liquidity stress by hoarding liquidity, then in the absence of fire sales, the average eventual level of defaults in a financial network is negatively related to the strength of banks' liquidity stress response and the eventual level of stress in the network.