Cross-border credit networks, banking risk contagion and suppression effects

Zhao, Heng; Li, Yanxi; Qian, Sai; Ren, Yang

doi:10.1016/j.socnet.2023.01.009

Cited by 2 publications

(1 citation statement)

References 67 publications

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“…In the case of mobile payment, whether an individual adopts mobile payment technology depends not only on the ease of use and usefulness of mobile payment but also on its privacy and security and social norms. The lower the individual's risk appetite, the lower the internet usage and the less willing they are to take the risk of using nancial services and products (Zhao et al, 2023). However, another study suggests that individuals' lack of understanding and identi cation with digital services and products changes signi cantly as digital literacy improves across the ability threshold.…”

Section: Theoretical Mechanismsmentioning

confidence: 99%

Why Digital Literacy Widens the Income Gap wi thin Chinese Farming Households

张

2023

Preprint

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Whether or not we can narrow the urban-rural "digital literacy gap" and improve the digital literacy and skills of China's rural households so that digital technology can truly empower people, is crucial to improving the well-being of the population. Using data from the China Family Tracking Survey (CFPS), the article explores the construction of digital literacy indicators and identifies the key issues for improving the income of rural households through digital literacy, starting with the depth of information application. The findings show that improved digital literacy has a significant positive effect on increasing farm household income, and the study's conclusions remain valid after utilizing instrumental variables as well as multiple methodological tests. The quantile model shows that the income-enhancing performance of digital literacy is uneven across regions and significantly widens the income gap within farm households. The income-generating benefits of digital literacy have a "threshold effect" within farming households, with low-income farmers mainly obtaining wages and business income through "entertainment apps" and high-income farmers accomplishing wealth accumulation through "serious apps". High-income farmers use "serious applications" to complete wealth accumulation. Mechanism analysis shows that digital literacy can reduce the cost of acquiring knowledge and effective information, improve the better management of individual resources, and realize income expansion. Heterogeneity analysis finds that digital literacy has a more pronounced income-enhancing effect on middle-aged and older farmers and those with low levels of education. Focusing on low-income households with multiple vulnerabilities, the use of household "digital feedback" can further reduce the income gap within the household. This study helps to examine the economic effects of digital literacy on farm household income under the "winner-takes-all" market structure and provides evidence to support the use of digital literacy as a tool to promote the digital village and commonwealth in China.

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Section: Theoretical Mechanismsmentioning

confidence: 99%

Why Digital Literacy Widens the Income Gap wi thin Chinese Farming Households

张

2023

Preprint

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The “Butterfly Effect” of Volatility in Net International Capital Flows: An Analysis of Co-Movement Characteristics and Influencing Factors

Luo,

Tan

2024

Sustainability

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This paper employs social network analysis to investigate the characteristics and determinants of co-movement in the volatility of net cross-border capital flows. We have identified a significant “small-world” pattern in the co-movement network. Economies with highly positive or negative co-movement of volatility in net capital flows display regional differences. Furthermore, economies with high trade intensity, large interest-rate spreads, membership in the same economic organization, and geographical adjacency exhibit significantly increased co-movement of volatility in net private capital flows and net other investment flows. Economies with large differences in economic growth present less co-movement of volatility in net portfolio flows.

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Cross-border credit networks, banking risk contagion and suppression effects

Cited by 2 publications

References 67 publications

Why Digital Literacy Widens the Income Gap wi thin Chinese Farming Households

Why Digital Literacy Widens the Income Gap wi thin Chinese Farming Households

The “Butterfly Effect” of Volatility in Net International Capital Flows: An Analysis of Co-Movement Characteristics and Influencing Factors

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