Abstract:This paper analyzes the contagion mechanism of systemic financial risk from the perspectives of fintech and debt leverage, and the analysis results show that the impact of fintech development on the occurrence of systemic financial risk is both exacerbated and mitigated. The mitigating effect is mainly in the reduction of information asymmetry and the upgrading of risk forecasting indicators; at the same time, excessive debt leverage can also lead to systemic risk due to the correlation between different secto… Show more
Set email alert for when this publication receives citations?
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.