A Study On Measuring The Financial Systemic Risk Contagion Effect

The complexity of the financial services industry and the gradual development of the globalization made financial institutions more closely linked together. However, this trend is a double-edged sword, on the on hand promoted the economic and financial development, while increasing the possibility of risk spread. During the subprime crisis, the systemic risk triggered by the high frequency of financial institute incident and hazard has attracted by the world-wide attention. Therefore, assessment of the inter-linkages between financial institutions and measurement systemic risk contagion are very important. Until now, whether at home or abroad, experts have made efforts to probe the problem of financial systemic risk and made some contribution, but still need further profound research. This dissertation intends to delve into a rather realistic and theoretical approach to show a systemic analysis of this problem.The dissertation consists of five chapters. Chapter one is the introduction, which focuses on the concept of the financial systemic risk, its nature, feature as well as the discrimination of this risk. Chapter two probe into the mechanism of the formation and propagation of financial systemic risk. Chapter three tried to compare the different measurement of the financial systemic risk and provides theoretical analysis of measuring the risk. In Chapter four, I will studies three measurements of financial systemic risk and try to do empirical research. Chapter five contributes to the precaution of the prevention of the financial systemic risk and conclusion.