Financial Structure and Systemic Risk of Banks: Evidence from Chinese Reform

Using Chinese data from 2006 to 2014, we find that a shift in the financial structure towards a more market-based structure can reduce the systemic risk of the banking sector. One transmission channel through which this occurs is the improvement in an individual firm’s debt repaying capacity, which...

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Veröffentlicht in:Sustainability 2019-07, Vol.11 (13), p.3721
Hauptverfasser: Ji, Guseon, Kim, Daniel Sungyeon, Ahn, Kwangwon
Format: Artikel
Sprache:eng
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