Study on the Impact of Fintech and Debt Leverage on Systemic Financial Risk Transmission Mechanism

DOI

10.2991/aebmr.k.210712.025How to use a DOI?

Keywords

Financial technology, debt leverage, systemic financial risk

Abstract

This paper analyzes the contagion mechanism of systemic financial risk from the perspectives of fintech and debt leverage, and the analysis results show that the impact of fintech development on the occurrence of systemic financial risk is both exacerbated and mitigated. The mitigating effect is mainly in the reduction of information asymmetry and the upgrading of risk forecasting indicators; at the same time, excessive debt leverage can also lead to systemic risk due to the correlation between different sectors of the economy. The paper concludes with recommendations based on the findings.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Chunyu Dong
AU  - Shiyun Xiao
AU  - Shouwei Li
PY  - 2021
DA  - 2021/07/12
TI  - Study on the Impact of Fintech and Debt Leverage on Systemic Financial Risk Transmission Mechanism
BT  - Proceedings of the 2021 International Conference on Economic Development and Business Culture (ICEDBC 2021)
PB  - Atlantis Press
SP  - 144
EP  - 148
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210712.025
DO  - 10.2991/aebmr.k.210712.025
ID  - Dong2021
ER  -