2023
DOI: 10.1016/j.najef.2023.101880
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Systemic risk of Chinese financial institutions and asset price bubbles

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Cited by 43 publications
(7 citation statements)
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“…At present, the network structure has been included in the research on relevance and risk transmission. A large number of relevant studies have shown that relevance is an important channel of risk transmission (Zhang and Zhang 2020 ). Most of the relevant literature uses social network analysis methods to build the correlation between banks, and to study the effect of risk contagion between banks.…”
Section: Literature Reviewmentioning
confidence: 99%
“…At present, the network structure has been included in the research on relevance and risk transmission. A large number of relevant studies have shown that relevance is an important channel of risk transmission (Zhang and Zhang 2020 ). Most of the relevant literature uses social network analysis methods to build the correlation between banks, and to study the effect of risk contagion between banks.…”
Section: Literature Reviewmentioning
confidence: 99%
“…This has led residents to form expectations of a sustained rise in real estate prices, increasing speculative demand for the real estate market and further contributing to the rapid rise in real estate prices [53]. Unreasonable increases in real estate prices drive the creation of real estate bubbles, which in turn increase the probability of triggering systemic risks in the financial system [54]. On the other hand, to expand their business scale, real estate enterprises obtain loans from financial institutions through land mortgage financing [55,56].…”
Section: Hypothesis 1 (H1) Ceteris Paribus Lglfd Can Inhibit Uiqmentioning
confidence: 99%
“…On the other hand, to expand their business scale, real estate enterprises obtain loans from financial institutions through land mortgage financing [55,56]. The systemic risk in the financial sector is magnified again when there is an irrational rise in land prices and when financial institutions hold a large number of loans financed by land as collateral [54]. To reduce their business risks and ensure the stable operation of the financial system, financial institutions reduce the level of financial resources placed in the market and lower financial efficiency [57].…”
Section: Hypothesis 1 (H1) Ceteris Paribus Lglfd Can Inhibit Uiqmentioning
confidence: 99%
“…China's economy is concurrently facing formidable challenges, including a notable slowdown in growth, immense pressure to transform industrial structures, and widespread prevalence of high-leverage operations within enterprises [3][4][5]. Additionally, the surge in non-performing assets, financial crises within real estate enterprises, persistent high levels of hidden debts among local governments, and substantial fluctuations in exchange rates are progressively revealing a series of persistent and potential financial risks [6][7][8][9]. These risks have heightened scholarly focus on the intrinsic interconnectedness within China's real economy, the vulnerability of its financial system, and the speculative bubbles in the real estate market.…”
Section: Introductionmentioning
confidence: 99%
“…This period will swiftly affect various financial institutions involved in related investments and lending through channels like bankruptcy of investment targets and defaults on credit assets [20]. Should market sentiment continue to be negative, it might induce a systemic shock to the entire financial system, potentially leading to "systemic risk" [8].…”
Section: Introductionmentioning
confidence: 99%