Do China's Non-Financial Firms Affect Systemic Risk?

This article investigates the contribution of non-financial firms to systemic risk in the entire financial system and the corresponding firm-specific determinants. Thus, we develop a new measure of systemic risk with a test of our hypothesis that separates systemic risk from systematic risk. We also...

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Veröffentlicht in:	Emerging markets finance & trade 2020-09, Vol.56 (12), p.2711-2731
Hauptverfasser:	Zhu, Bo, Mao, Huafu, Huang, Yuan, Lin, Renda, Niu, Feng
Format:	Artikel
Sprache:	eng
Schlagworte:	EVT-copula model hypothesis test macro-prudential regulation non-financial firms systemic risk
Online-Zugang:	Volltext
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