The contribution of (shadow) banks and real estate to systemic risk in China
| Autor: | Carlo Bellavite Pellegrini, Peter Cincinelli, Michele Meoli, Giovanni Urga |
|---|---|
| Rok vydání: | 2022 |
| Předmět: |
Systemic risk
Traditional banks Shadow banking entities Real estate Financial crises Financial stability Panel data Settore SECS-P/11 - Economia degli Intermediari Finanziari HB Settore SECS-P/09 - FINANZA AZIENDALE HG Settore SECS-P/05 - ECONOMETRIA General Economics Econometrics and Finance Finance |
| Zdroj: | Journal of Financial Stability. 60:101018 |
| ISSN: | 1572-3089 |
| DOI: | 10.1016/j.jfs.2022.101018 |
| Popis: | 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. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|
Full Text from ScienceDirect