中国区域性金融风险的空间关联及其传染效应——基于社会网络分析法
发布时间：2018-12-29 21:35
【摘要】：利用2005~2014年数据,将社会网络分析法应用于区域性金融风险空间关联即传染效应的刻画,研究发现,省际间区域性金融风险具有高度关联的特点。具体而言,越处于网络中心的省份,其风险越高;与其他省份距离越短的省份,其风险越高;处于中介位置的省份因具有风险输出的优势,其风险仅微弱上升;引入同群效应后,随着省份间距离的增加,风险传染性存在递减效应。进一步研究发现,2008年国际金融危机以后,区域性金融风险的传染效应更强,这归因于强财政政策刺激引致的投资过剩和产能过剩进而风险暴露。总之,省际间区域性金融风险呈现高度关联的网络结构形态,并且具有较强传染性。
[Abstract]:Based on the data from 2005 to 2014, the social network analysis method is applied to depict the contagion effect of regional financial risk. It is found that the inter-provincial regional financial risk is highly correlated. Specifically, the more provinces in the center of the network, the higher the risk; the shorter the distance from other provinces, the higher the risk, the more the provinces in the intermediary position have the advantage of risk output, the risk is only slightly increased. With the introduction of the same group effect, the risk infectivity decreases with the increase of the distance between provinces. Further study shows that the contagion effect of regional financial risk is stronger after the international financial crisis in 2008, which is attributed to the overinvestment and overcapacity caused by the strong fiscal policy stimulus and then the exposure of the risk. In a word, inter-provincial regional financial risk is highly related to the network structure, and has a strong infectivity.
【作者单位】： 山东财经大学金融学院;中国人民银行济南分行;山东大学经济学院;
【基金】：山东省“泰山学者”建设工程专项经费
【分类号】：F832.7
本文编号：2395432
[Abstract]:Based on the data from 2005 to 2014, the social network analysis method is applied to depict the contagion effect of regional financial risk. It is found that the inter-provincial regional financial risk is highly correlated. Specifically, the more provinces in the center of the network, the higher the risk; the shorter the distance from other provinces, the higher the risk, the more the provinces in the intermediary position have the advantage of risk output, the risk is only slightly increased. With the introduction of the same group effect, the risk infectivity decreases with the increase of the distance between provinces. Further study shows that the contagion effect of regional financial risk is stronger after the international financial crisis in 2008, which is attributed to the overinvestment and overcapacity caused by the strong fiscal policy stimulus and then the exposure of the risk. In a word, inter-provincial regional financial risk is highly related to the network structure, and has a strong infectivity.
【作者单位】： 山东财经大学金融学院;中国人民银行济南分行;山东大学经济学院;
【基金】：山东省“泰山学者”建设工程专项经费
【分类号】：F832.7
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1 颜颖颖;我国金融支持与区域创新的空间计量实证分析[D];华侨大学;2016年
2 郭美娟;我国区域金融发展的空间关联及其影响因素研究[D];湖南大学;2016年
，本文编号：2395432
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