经济政策不确定性、投资者情绪与银行系统性金融风险
Economic Policy Uncertainty,Investor Sentiment and Systemic Financial Risks in Banks
蒋鹏1
作者信息
- 1. 武汉纺织大学 经济学院,湖北 武汉 430200
- 折叠
摘要
在当今的全球经济环境中,银行业面临着诸多挑战.其中,经济政策的不确定性以及投资者情绪的波动,对银行业的稳定和发展产生了深远的影响.文章利用CoVaR模型,对 2008-2022 年间 22 家具有行业代表性的上市银行系统性金融风险进行了测度.通过构建回归模型,深入研究了在经济政策不确定性的背景下,投资者情绪如何影响银行的系统性金融风险的变化.研究表明:经济政策不确定性能显著增强银行系统性金融风险;并且投资者情绪在这一过程中发挥了明显的中介作用.据此,提出了应对策略,包括正确处理经济政策不确定性与银行系统性金融风险的关系,投资者应保持理性投资和建立公开透明的信息体系.
Abstract
In today's global economic environment,the banking industry faces many challenges.The uncertainty of economic policies and fluctuations in investor sentiment have had a profound impact on the stability and development of banking industry.This article uses CoVaR model to measure the systemic financial risks of 22 representative listed banks from 2008 to 2022.By constructing a regression model,the paper conducts an in-depth study on how investor sentiment affects the systemic financial risks of banks in the context of economic policy uncertainty.Research shows that economic policy uncertainty significantly enhances systemic financial risks in banks,and investor sentiment plays a significant mediating role in this process.Based on this,corresponding strategies have been proposed,including correctly handling the relationship between economic policy uncertainty and systemic financial risks in banks.Investors should maintain rational investment and establish an open and transparent information system.
关键词
经济政策不确定性/投资者情绪/银行系统性金融风险Key words
economic policy uncertainty/investor sentiment/systemic financial risks in banks引用本文复制引用
出版年
2024
NETL
NSTL
维普
万方数据