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Research on Financial Systemic Risk in ASEAN Region
The research of financial systemic risk is an important issue, however the research on the financial systemic risk in ASEAN region lacks. This paper uses the minimum density method to calculate the interbank network of ASEAN countries and uses the node centrality to judge the systemically important...
Autores principales: | , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
MDPI
2021
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8470220/ https://www.ncbi.nlm.nih.gov/pubmed/34573758 http://dx.doi.org/10.3390/e23091131 |
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author | Fan, Hong Liu, Renyun |
author_facet | Fan, Hong Liu, Renyun |
author_sort | Fan, Hong |
collection | PubMed |
description | The research of financial systemic risk is an important issue, however the research on the financial systemic risk in ASEAN region lacks. This paper uses the minimum density method to calculate the interbank network of ASEAN countries and uses the node centrality to judge the systemically important banks of various countries. Then the DebtRank algorithm is constructed to calculate the systemic risk value based on the interbank network. By comparing the systemic risk values obtained through the initial impact on the system important banks and non-important banks, we find that the systemic risk tends to reach the peak in the case of the initial impact on the system important banks. Furthermore, it is found that countries with high intermediary centrality and closeness centrality have higher systemic risk. It suggests that the regulatory authorities should implement legal supervision, strict supervision, and comprehensive supervision for key risk areas and weak links. |
format | Online Article Text |
id | pubmed-8470220 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2021 |
publisher | MDPI |
record_format | MEDLINE/PubMed |
spelling | pubmed-84702202021-09-27 Research on Financial Systemic Risk in ASEAN Region Fan, Hong Liu, Renyun Entropy (Basel) Article The research of financial systemic risk is an important issue, however the research on the financial systemic risk in ASEAN region lacks. This paper uses the minimum density method to calculate the interbank network of ASEAN countries and uses the node centrality to judge the systemically important banks of various countries. Then the DebtRank algorithm is constructed to calculate the systemic risk value based on the interbank network. By comparing the systemic risk values obtained through the initial impact on the system important banks and non-important banks, we find that the systemic risk tends to reach the peak in the case of the initial impact on the system important banks. Furthermore, it is found that countries with high intermediary centrality and closeness centrality have higher systemic risk. It suggests that the regulatory authorities should implement legal supervision, strict supervision, and comprehensive supervision for key risk areas and weak links. MDPI 2021-08-31 /pmc/articles/PMC8470220/ /pubmed/34573758 http://dx.doi.org/10.3390/e23091131 Text en © 2021 by the authors. https://creativecommons.org/licenses/by/4.0/Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/). |
spellingShingle | Article Fan, Hong Liu, Renyun Research on Financial Systemic Risk in ASEAN Region |
title | Research on Financial Systemic Risk in ASEAN Region |
title_full | Research on Financial Systemic Risk in ASEAN Region |
title_fullStr | Research on Financial Systemic Risk in ASEAN Region |
title_full_unstemmed | Research on Financial Systemic Risk in ASEAN Region |
title_short | Research on Financial Systemic Risk in ASEAN Region |
title_sort | research on financial systemic risk in asean region |
topic | Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8470220/ https://www.ncbi.nlm.nih.gov/pubmed/34573758 http://dx.doi.org/10.3390/e23091131 |
work_keys_str_mv | AT fanhong researchonfinancialsystemicriskinaseanregion AT liurenyun researchonfinancialsystemicriskinaseanregion |