|
|
|
| Research on Shadow Banking and Banking System Stability Considering the Network Structure |
| PAN Hongjie, FAN Hong
|
| Glorious Sun School of Business and Management, Donghua University, Shanghai 200051, China |
|
|
|
|
Abstract In order to explore the effect of network structure and shadow banking on systematic risks, this paper introduces shadow banking and constructs a dynamic interbank network system model considering different interbank network structures based on the complex network and evolving balance sheet model. The results show that shadow banks are the main carriers of risk contagion, and the banking system with shadow banking has high systematic risk and the systemic risk is closely related to the interbank network structure; relatively concentrated scale-free and small-world networks are more likely to spread risks. Scattered random networks can mitigate risk contagion, but too strong external shocks will make the mitigation ineffective.
|
|
Received: 06 September 2021
Published: 19 April 2023
|
|
|
|
|
|
|
|
|
