Systemic risk: The impact of COVID-19

Rizwan, Muhammad Suhail, Ahmad, Ghufran ORCID: https://orcid.org/0000-0002-2454-9335 and Ashraf, Dawood 2020. Systemic risk: The impact of COVID-19. Finance Research Letters 36 , 101682. 10.1016/j.frl.2020.101682

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Abstract

Banking sectors across the globe are under immense stress due to the evolving COVID-19 situation and policy responses thereto. This study investigates how COVID-19 impacted the systemic risk in the banking sectors of eight of the most COVID-19 affected countries. We find a significant increase in systemic risk among the sample countries initially, while stagnancy (at an elevated level) is observed during April 2020 except for China, which is showing some recovery. By using spillover measures, we also identify systemically important institutions. The findings of this study testify to the benefits of policy responses in containing systemic risk.

Item Type:	Article
Date Type:	Published Online
Status:	Published
Schools:	Business (Including Economics)
Publisher:	Elsevier
ISSN:	1544-6123
Date of First Compliant Deposit:	16 February 2023
Date of Acceptance:	2 July 2020
Last Modified:	06 May 2023 18:40
URI:	https://orca.cardiff.ac.uk/id/eprint/157069

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