Identifying systemically important financial institutions in complex network: A case study of Chinese stock market

Wei Chen, Xiaoli Hou, Manrui Jiang and Cheng Jiang

Emerging Markets Review, 2022, vol. 50, issue C

Abstract: In this paper, we identify the dynamic influence of financial institutions based on a complex network modelling method. We first construct a financial network based on stock comprehensive evaluation (SCE), which is obtained by the technique for order preference by similarity to an ideal solution (TOPSIS). Then, the dynamic influence of financial institutions is identified by iterating the static influence of each network. The results indicate that (i) the dynamic influence of financial institutions is greater than their static influence in analysing the evolution of influence and (ii) banks and securities institutions play an important role in the financial system.

Keywords: Systemically important financial institutions; Complex network; Network centrality; Dynamic influence (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ememar:v:50:y:2022:i:c:s1566014121000443

DOI: 10.1016/j.ememar.2021.100836

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