Ahmad, Wasim, Tiwari, Shiv Ratan, Wadhwani, Akshay, Khan, Mohammad Azeem and Bekiros, Stelios (2023) Financial networks and systemic risk vulnerabilities: a tale of Indian banks. Research in International Business and Finance, 65. ISSN 0275-5319
Full text not available from this repository.Abstract
This study identifies the nature and direction of unprecedented upheavals in the Indian banking sector which is linked to credit market asymmetry. A tail-driven network approach with a mixed sample of banks and firms exhibits the characteristics of the twin-balance-sheet syndrome. We construct the networks with a degree of interconnectedness at different quantiles and identify major systemic risk emitters and receivers. Furthermore, we find a spillover of the riskiness of deep-in-debt firms to banks. Smaller banking institutions evince a greater connection to banks and firms than larger ones. Our results are valuable for policymakers formulating financial stabilization policies and investors considering Indian markets for various opportunities.
| Item Type: | Article |
|---|---|
| Additional Information: | © 2023 Elsevier B.V. |
| Divisions: | India Observatory |
| Subjects: | H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management H Social Sciences > HG Finance |
| Date Deposited: | 27 Apr 2023 23:23 |
| Last Modified: | 12 Dec 2024 03:43 |
| URI: | http://eprints.lse.ac.uk/id/eprint/118749 |
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