Dynamic interactions between AC railway electrification systems and traction unit power converters can result in low frequency oscillation (LFO) of the contact-line voltage amplitude, which can lead to a power outage of the traction substation and the shutdown of train traffic. Several system parameters can influence the low frequency stability of the railway traction power system, including contact-line length and traction unit parameters such as transformer leakage inductance, DC-link capacitance, control bandwidths and synchronization systems. This paper focuses on the influence of these parameters on the LFO. The methodology is based on a frequency-domain analysis. Nyquist and Bode diagrams are used to determine the stability limit. The validation of the method is performed through the use of time-domain simulations.