Ripple-Spreading Network of China’s Systemic Financial Risk Contagion: New Evidence from the Regime-Switching Model
Beibei Zhang,
Xuemei Xie,
Xi Zhou
Abstract:A better understanding of financial contagion and systemically important financial institutions (SIFIs) is essential for the prevention and control of systemic financial risk. Considering the ripple effect of financial contagion, we integrate the relevant spatiotemporal information that affects financial contagion and propose to use the ripple-spreading network to simulate the dynamic process of risk contagion in China’s financial system. In addition, we introduce the smooth-transition vector autoregression (S… Show more
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