Systemic risk: The impact of COVID-19()

Banking sectors across the globe are under immense stress due to the evolving COVID-19 situation and policy responses thereto. This study investigates how COVID-19 impacted the systemic risk in the banking sectors of eight of the most COVID-19 affected countries. We find a significant increase in sy...

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Detalles Bibliográficos
Autores principales: Rizwan, Muhammad Suhail, Ahmad, Ghufran, Ashraf, Dawood
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Inc. 2020
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7334938/
https://www.ncbi.nlm.nih.gov/pubmed/32837376
http://dx.doi.org/10.1016/j.frl.2020.101682
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author Rizwan, Muhammad Suhail
Ahmad, Ghufran
Ashraf, Dawood
author_facet Rizwan, Muhammad Suhail
Ahmad, Ghufran
Ashraf, Dawood
author_sort Rizwan, Muhammad Suhail
collection PubMed
description Banking sectors across the globe are under immense stress due to the evolving COVID-19 situation and policy responses thereto. This study investigates how COVID-19 impacted the systemic risk in the banking sectors of eight of the most COVID-19 affected countries. We find a significant increase in systemic risk among the sample countries initially, while stagnancy (at an elevated level) is observed during April 2020 except for China, which is showing some recovery. By using spillover measures, we also identify systemically important institutions. The findings of this study testify to the benefits of policy responses in containing systemic risk.
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spelling pubmed-73349382020-07-06 Systemic risk: The impact of COVID-19() Rizwan, Muhammad Suhail Ahmad, Ghufran Ashraf, Dawood Financ Res Lett Article Banking sectors across the globe are under immense stress due to the evolving COVID-19 situation and policy responses thereto. This study investigates how COVID-19 impacted the systemic risk in the banking sectors of eight of the most COVID-19 affected countries. We find a significant increase in systemic risk among the sample countries initially, while stagnancy (at an elevated level) is observed during April 2020 except for China, which is showing some recovery. By using spillover measures, we also identify systemically important institutions. The findings of this study testify to the benefits of policy responses in containing systemic risk. Elsevier Inc. 2020-10 2020-07-04 /pmc/articles/PMC7334938/ /pubmed/32837376 http://dx.doi.org/10.1016/j.frl.2020.101682 Text en © 2020 Elsevier Inc. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Rizwan, Muhammad Suhail
Ahmad, Ghufran
Ashraf, Dawood
Systemic risk: The impact of COVID-19()
title Systemic risk: The impact of COVID-19()
title_full Systemic risk: The impact of COVID-19()
title_fullStr Systemic risk: The impact of COVID-19()
title_full_unstemmed Systemic risk: The impact of COVID-19()
title_short Systemic risk: The impact of COVID-19()
title_sort systemic risk: the impact of covid-19()
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7334938/
https://www.ncbi.nlm.nih.gov/pubmed/32837376
http://dx.doi.org/10.1016/j.frl.2020.101682
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