Systemic Financial Risk under the Shock of Emergencies: An Analysis Based on the Perspective of Bank-Enterprise Networks

DOI

10.2991/978-94-6463-488-4_66How to use a DOI?

Keywords

Systemic financial risk; Emergencies; Bank-enterprise credit network; Event study

Abstract

Since the 2008 crisis, systemic risk has become a global academic and regulatory concern. China’s finance system, driven by banks, relies heavily on commercial banks, resulting in risk concentration. Frequent emergencies pose challenges to bank stability, with credit risks spilling into the real economy, exacerbating risk propagation and posing a potential source of systemic risk. Exploring the impact of emergencies on banks’ systemic risk from a bank-enterprise network perspective is valuable. Results show that banks’ systemic risk increases during emergencies, with excessive risk intensifying. A bank’s network position worsens the emergency’s impact on systemic risk. The risk contagion network diagram illustrates that systemic risk propagates through the bank-enterprise network during emergencies.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Sihan Wang
PY  - 2024
DA  - 2024/08/29
TI  - Systemic Financial Risk under the Shock of Emergencies: An Analysis Based on the Perspective of Bank-Enterprise Networks
BT  - Proceedings of the 2024 2nd International Conference on Digital Economy and Management Science (CDEMS 2024)
PB  - Atlantis Press
SP  - 589
EP  - 595
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-488-4_66
DO  - 10.2991/978-94-6463-488-4_66
ID  - Wang2024
ER  -