Ripple-Spreading Network of China’s Systemic Financial Risk Contagion: New Evidence from the Regime-Switching Model

Table 3

Parameters of the ripple-spreading network: low systemic risk regime.

	RE01	RE02	RE03	RE04	RE05	RE06	RE07	RE08	RE09	RE10	RE11
	2.045	1.302	0.531	0.453	0.453	0.396	0.293	0.252	0.277	0.273	0.237
	1.137	1.119	1.156	1.317	1.141	1.330	1.259	1.191	1.211	1.126	1.347
	0.889	0.925	1.148	1.334	0.998	0.371	0.604	0.441	1.126	0.597	1.620
	ICBC	ABC	BOC	CCB	BCM	CMB	SPD	BCC	PAB	HXB	MSB
	16.276	10.272	9.095	12.717	3.520	6.591	2.542	2.260	2.026	0.907	2.258
	1.102	1.088	1.100	1.103	1.081	1.073	1.072	1.110	1.099	1.075	1.079
	0.066	0.148	0.085	0.930	0.316	0.369	0.487	0.135	0.832	0.483	0.466
	CEB	IBC	BOB	BNJ	BNB	CMS	CJS	CITIC	EBS	GFS	GYS
	1.620	3.040	0.996	0.613	1.086	1.025	0.360	2.222	0.555	1.040	0.303
	1.074	1.081	1.088	1.100	1.105	1.072	1.080	1.068	1.101	1.086	1.108
	0.396	0.637	0.434	0.769	0.693	0.602	1.053	1.277	1.089	0.996	1.218
	SLS	SWS	HTS	HZS	NES	PS	SS	IS	CLIC	CPIC	PAIC
	0.306	0.288	1.228	1.053	0.194	0.205	0.228	0.434	6.527	2.367	8.106
	1.131	1.149	1.076	1.072	1.078	1.106	1.114	1.084	1.111	1.100	1.089
	1.876	0.738	1.001	1.061	1.398	2.135	3.518	1.469	0.103	0.473	0.801
	TMIC	XLF	AXT	BHL	LXC	MCC	MSH	AJG	SIT	SLT	CNP
	0.180	0.042	0.215	0.196	0.119	0.211	0.033	0.130	0.122	0.034	0.595
	1.477	2.449	1.217	1.300	1.319	1.340	2.179	1.175	1.113	1.292	1.706
	1.146	3.146	1.362	1.175	1.144	2.138	2.019	1.604	1.754	2.699	0.839

Note. The data in Table 3 are compiled by the authors based on Chapter 2.2.