The study between shadow banking and financial fragility in China: an empirical analysis based on the co-integration test and error correction model

The study between shadow banking and financial fragility in China: an empirical analysis based on... The rapid development of shadow banking manifesting systematic risk has attracted increasing attention recently, but there exists a lack of empirical research in this field. This article applies co-integration analysis and error correction model using annual data during the 2001–2010 period to test the short-term fluctuation and long-term equilibrium between expansion velocity of shadow banking and financial fragility, and puts forward corresponding policy recommendations. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Quality & Quantity Springer Journals

The study between shadow banking and financial fragility in China: an empirical analysis based on the co-integration test and error correction model

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Publisher
Springer Journals
Copyright
Copyright © 2012 by Springer Science+Business Media B.V.
Subject
Social Sciences, general; Methodology of the Social Sciences; Social Sciences, general
ISSN
0033-5177
eISSN
1573-7845
D.O.I.
10.1007/s11135-012-9725-0
Publisher site
See Article on Publisher Site

Abstract

The rapid development of shadow banking manifesting systematic risk has attracted increasing attention recently, but there exists a lack of empirical research in this field. This article applies co-integration analysis and error correction model using annual data during the 2001–2010 period to test the short-term fluctuation and long-term equilibrium between expansion velocity of shadow banking and financial fragility, and puts forward corresponding policy recommendations.

Journal

Quality & QuantitySpringer Journals

Published: Jun 12, 2012

References

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