Research on Risk Contagion among Financial Submarkets in China Based on Complex Networks

Autor:	Yuhua Xu, Yue Zhao, Mengna Liu, Chengrong Xie
Jazyk:	angličtina
Rok vydání:	2022
Předmět:	risk contagion financial sub-markets complex network Science Astrophysics QB460-466 Physics QC1-999
Zdroj:	Entropy, Vol 24, Iss 8, p 1120 (2022)
Druh dokumentu:	article
ISSN:	1099-4300
DOI:	10.3390/e24081120
Popis:	As the COVID-19 outbreak has an impact on the global economy, there will be interest in how China’s financial markets function during the outbreak. To investigate the path of risk contagion in China’s financial sub-markets before and after the COVID-19 outbreak, we divided the 2016–2021 period into two phases. Based on the time of the COVID-19 outbreak, we divided the new stage of economic development into pre-epidemic and post-epidemic stages and employed the DCC-GARCH model to investigate the dynamic correlation coefficients among the financial sub-markets in China. Furthermore, we employed complex network theory and the minimum tree model to describe the risk contagion path between two-stage Chinese financial submarkets. Finally, we provided pertinent recommendations for investors and policymakers and conducted a brief discussion based on the findings of the research.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/901b204a5c444ed890a0d4f5ce205bab Zobrazit plný text záznamu View record in DOAJ Plný text ve formátu PDF Plný text ve formátu HTML
Nepřihlášeným uživatelům se plný text nezobrazuje	K zobrazení výsledku je třeba se přihlásit.