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Chinese Journal of Management Science ›› 2023, Vol. 31 ›› Issue (6): 39-48.doi: 10.16381/j.cnki.issn1003-207x.2020.1572

• Articles • Previous Articles    

Multi-stage Risk Contagion Mechanism and Empirical Study Based on Spillover Effect

FAN Hong, CHEN Nai-xi   

  1. Glorious Sun School of Business and Management, Donghua University, Shanghai 200051, China
  • Received:2020-08-13 Revised:2020-11-02 Published:2023-06-17
  • Contact: 范宏 E-mail:hongfan@dhu.edu.cn

Abstract: Since the 2007-2009 financial crisis, preventing the occurrence of financial risks has become an important financial goal of all countries. At present, many empirical studies and simulation experiments have found the phenomenon of risk contagion in the banking network system and studied the relationship between network structure and risk contagion, but the mechanism of risk contagion is still unclear.

Key words: banking network structure; debt default risk; threat index; spillover effect; multi-stage contagion mechanism

CLC Number: