Asymmetric Risk Spillover Networks and Risk Contagion Driver in Chinese Financial Markets: The Perspective of Economic Policy Uncertainty

Table 3

Estimation results of VAR (2).

Coefficient matrix A1
L1.bank	0.0291	0.0288	0.0307	−0.0164	0.0528
L1.estate	−0.0369	0.0100	−0.0602	0.0251	−0.0648
L1.insurance	0.0509	−0.0007	0.0610	0.0228	0.0311
L1.mvfinance	−0.0645	−0.0183	−0.0629	0.0306	−0.0430
L1.securities	−0.0134	0.0490	−0.0065	0.0247	0.0526
Coefficient matrix A2
L2.bank	−0.0030	0.0135	0.0514	0.0837	0.1149
L2.estate	0.0289	−0.0455	−0.0347	−0.0373	0.0033
L2.insurance	−0.0293	−0.0297	−0.0206	−0.0685	−0.0836
L2.mvfinance	−0.0196	0.0254	0.0079	0.0440	0.0209
L2.securities	0.0168	0.0231	−0.0039	0.0360	0.0087