The Impact of the COVID-19 Epidemic Risk on the Financial System and Countermeasures
Nieying Xu, Chengyi Pu
Available Online 12 April 2021.
- https://doi.org/10.2991/aebmr.k.210409.035How to use a DOI?
- Systemic Financial Risks, New Type of Coronary Pneumonia, Emergent Public Health Events
- The COVID-19 pneumonia epidemic broke out and spread across the world, causing residents to stay at home, causing service industries such as commerce, catering, culture and entertainment, and holiday tourism to cease business almost instantly, interrupting most of the transportation and business suspension, real economic activities almost halting, causing financial market transactions behaviors have shrunk drastically, and promoting coordination between finance and the real economy is the current priority. Predecessors have studied the financial systemic impact of sudden public health event catastrophe risk on financial system. This paper selects a model suitable for my country’s systemic financial risk evaluation, the comprehensive index method model, to study the macro-effects and micro-mechanisms of sudden public health event catastrophe risks on financial systemic shocks, and discovers the impact of the COVID-19 pneumonia epidemic on my country’s financial The market has mainly produced the following impacts: (1) Uncertainties in the financial market have increased; (2) The government-led risk supervision and management system, through the injection of liquidity into the market, targeted tax reduction and exemption, and social insurance premium reduction and exemption systems, To a certain extent, the rationality of financial market circulation is realized. Combining the mechanism of the epidemic’s impact on systemic financial risks and the response of China’s financial market, some suggestions are made for China’s future response to catastrophe risks of sudden public health events:
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Cite this article
TY - CONF AU - Nieying Xu AU - Chengyi Pu PY - 2021 DA - 2021/04/12 TI - The Impact of the COVID-19 Epidemic Risk on the Financial System and Countermeasures BT - Proceedings of the 9th Annual Meeting of Risk Analysis Council of China Association for Disaster Prevention (RAC 2020) PB - Atlantis Press SP - 223 EP - 229 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.210409.035 DO - https://doi.org/10.2991/aebmr.k.210409.035 ID - Xu2021 ER -