The contribution of (shadow) banks and real estate to systemic risk in China

Carlo Bellavite Pellegrini, Peter Cincinelli, Michele Meoli and Giovanni Urga

Journal of Financial Stability, 2022, vol. 60, issue C

Abstract: We empirically evaluate how accounting and financial variables affect the level of systemic risk in traditional and shadow banks, and in real estate finance services in China over the period 2006–2019. We also conduct some stability analysis by evaluating the impact of crisis sub-periods. We find that systemic risk increases in the Size of large financial institutions, particularly shadow entities, while it is insensitive to the Size of real estate finance services. Real estate finance services are instead particularly sensitive to Maturity Mismatch and Leverage. Finally, systemic risk differs across state and non state owned banks.

Keywords: Systemic risk; Traditional banks; Shadow banking entities; Real estate; Financial crises; Financial stability; Panel data (search for similar items in EconPapers)
JEL-codes: C23 G01 G18 G21 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finsta:v:60:y:2022:i:c:s1572308922000420

DOI: 10.1016/j.jfs.2022.101018

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