The study between shadow banking and financial fragility in China: an empirical analysis based on the co-integration test and error correction model

Xiao-Peng Zou (), Yu-Xiao Pang () and Hui-Lin Zhu

Quality & Quantity: International Journal of Methodology, 2013, vol. 47, issue 6, 3363-3370

Abstract: The rapid development of shadow banking manifesting systematic risk has attracted increasing attention recently, but there exists a lack of empirical research in this field. This article applies co-integration analysis and error correction model using annual data during the 2001–2010 period to test the short-term fluctuation and long-term equilibrium between expansion velocity of shadow banking and financial fragility, and puts forward corresponding policy recommendations. Copyright Springer Science+Business Media B.V. 2013

Keywords: Shadow banking; Financial fragility; Co-integration analysis; Error correction model (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (2)

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DOI: 10.1007/s11135-012-9725-0

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