ArticleiScience2024
Assessing interconnectedness and systemic importance of Chinese financial institutions.
Article in iScience, 2024. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Not yet cited in PubMed.
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The abstract states no effect estimate the extractor could read, or names no intervention and outcome on the map, so this paper lights no cell and moves no belief. It is still indexed, cited and linked below.
The trial behind it
Trials whose registry record cites this paper, or whose number appears in the abstract. A trial that started after this paper was published is citing it as background, not reporting it.
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Authors and funding
4 authors.
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Abstract
This study proposes a directed acyclic graph (DAG)-based framework for generalized variance decomposition for investigating the heterogeneous return spillovers in financial system and measuring the systemic importance of financial institutions among 34 listed Chinese financial institutions from 2011 to 2023. Findings indicate pronounced information spillovers among institutions within the same sector due to contemporaneous causal relationships. Both static and dynamic financial network analyses highlight the significance of the securities sector. Dynamic structural characteristics align with macroeconomic development and are sensitive to internal and external shocks. Systemic importance assessment reveals that market size alone doesn't determine importance, with notable disparities between banking and non-banking sectors. State-owned and joint-stock commercial banks play a vital role in banking, while local government and private capital-controlled institutions are crucial in the securities sector. This research aids regulatory efforts in maintaining a balanced regulatory environment, ensuring market efficiency, and reducing operational costs.
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Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.