Systemic Financial Risk under the Shock of Emergencies: An Analysis Based on the Perspective of Bank-Enterprise Networks

Sihan Wang ()
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Sihan Wang: Jinan University

A chapter in Proceedings of the 2024 2nd International Conference on Digital Economy and Management Science (CDEMS 2024), 2024, pp 589-595 from Springer

Abstract: Abstract Since the 2008 crisis, systemic risk has become a global academic and regulatory concern. China’s finance system, driven by banks, relies heavily on commercial banks, resulting in risk concentration. Frequent emergencies pose challenges to bank stability, with credit risks spilling into the real economy, exacerbating risk propagation and posing a potential source of systemic risk. Exploring the impact of emergencies on banks’ systemic risk from a bank-enterprise network perspective is valuable. Results show that banks’ systemic risk increases during emergencies, with excessive risk intensifying. A bank’s network position worsens the emergency’s impact on systemic risk. The risk contagion network diagram illustrates that systemic risk propagates through the bank-enterprise network during emergencies.

Keywords: Systemic financial risk; Emergencies; Bank-enterprise credit network; Event study (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-488-4_66

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DOI: 10.2991/978-94-6463-488-4_66

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