Risk contagion in financial markets: A systematic review using bibliometric methods

IF 1.2 4区 经济学 Q3 ECONOMICS
Fei Su, Lili Zhai, Yunyan Zhou, Zixi Zhuang, Feifan Wang
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引用次数: 0

Abstract

We explore evolving research trends and hotspots in financial contagion through keywords co-occurrence and co-citation network analyses. 2,071 articles have been collected from Web of Science Core Collection database from 2005 to 2021 and been analyzed by using bibliometric methods. The results indicate a tremendous growth in research on financial contagion, especially following the Global Finance Crisis. The current research mainly focuses on understanding the causes and consequences of past financial crises and recessions, examining the network effects of banks and other important financial institutions on risk contagion, developing new systematic approaches to modelling financial contagion, and providing empirical evidences for financial contagion among various asset classes and across different countries and regions. We find that there is still no consensus regarding the causes and measures of financial contagion, however, new promising perspectives have emerged to expand research in this area. We also propose several future directions for studies on financial contagion based on the research gap identified in this review.

金融市场的风险传染:使用文献计量学方法的系统回顾
我们通过关键词共现和共引网络分析,探讨了金融传染不断发展的研究趋势和热点。我们从 2005 年至 2021 年的 Web of Science Core Collection 数据库中收集了 2,071 篇文章,并采用文献计量学方法进行了分析。结果表明,有关金融传染的研究有了极大的增长,尤其是在全球金融危机之后。目前的研究主要集中在了解过去金融危机和经济衰退的原因和后果,研究银行和其他重要金融机构对风险传染的网络效应,开发新的系统方法来模拟金融传染,以及为不同资产类别、不同国家和地区之间的金融传染提供实证证据。我们发现,关于金融传染的原因和衡量标准仍未达成共识,不过,新的前景已经出现,有望拓展这一领域的研究。我们还根据本综述中发现的研究空白,提出了未来金融传染研究的几个方向。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
3.20
自引率
5.30%
发文量
36
期刊介绍: Australian Economic Papers publishes innovative and thought provoking contributions that extend the frontiers of the subject, written by leading international economists in theoretical, empirical and policy economics. Australian Economic Papers is a forum for debate between theorists, econometricians and policy analysts and covers an exceptionally wide range of topics on all the major fields of economics as well as: theoretical and empirical industrial organisation, theoretical and empirical labour economics and, macro and micro policy analysis.
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