A Review on the Study of Systematic Financial Risk
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DOI: 10.38007/Proceedings.0001336
Author(s)
Xiaowei Yang, Jianjun Xu
Corresponding Author
Xiaowei Yang
Abstract
Financial risk includes systematic financial risk and non-systematic financial risk. Previous studies have focused on non-systematic risk. Since the subprime crisis in the United States has evolved into a global financial crisis, people pay more attention to the systemic financial risk. This paper summarizes and evaluates the existing literature from four aspects: first, the definition and identification of the concept of systemic financial risk; second, the causes of systemic financial risk; third, the measurement of systemic financial risk; fourth, the prevention of systemic financial risk. This paper has a certain reference value for people to fully understand the systemic financial risk.
Keywords
Systematic Financial Risk; Risk Measurement; Risk Prevention; Overview