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The Assessment of Systemic Risk in the Kenyan Banking Sector
المؤلفون المشاركون
Fan, Hong
Gao, Qianqian
Amalia, Allan Alvin Lee Lukaya
المصدر
العدد
المجلد 2018، العدد 2018 (31 ديسمبر/كانون الأول 2018)، ص ص. 1-15، 15ص.
الناشر
Hindawi Publishing Corporation
تاريخ النشر
2018-01-23
دولة النشر
مصر
عدد الصفحات
15
التخصصات الرئيسية
الملخص EN
The present paper aims to assess the systemic risk of the Kenyan banking system.
We propose a theoretical framework to reveal the time evolution of the systemic risk using sequences of financial data and use the framework to assess the systemic risk of the Kenyan banking system that is regarded as the largest in the East and Central African region.
Firstly, we estimate the bilateral exposures matrix using aggregate financial data on loans and deposits from annual reports and analyze the interconnectedness in the market using network centrality measures.
Next, we extend the Eisenberg–Noe method to a multiperiod setting to the systemic risk of the Kenyan banking system, in which the multiperiod includes the dynamic evolutions of the Kenyan banking system of every bank and the structure of the interbank network system.
We apply this framework to assess dynamically the systemic risk of the Kenyan banking system between 2009 and 2015.
The main findings are the following.
The theoretical network analysis using network centrality measures showed several banks displaying characteristics of systematically important banks (SIBs).
The theoretical default analysis showed that a bank suffering a basic default will trigger a contagious default that caused several other banks in the sector to go bankrupt.
Further stress test proved that the KCB bank theoretically caused a few contagious defaults due to an unusually high interconnectedness.
This methodology can contribute by being part of monitoring system of the Central Bank of Kenya (regulatory body) as well as the implementation of policies (such as bank-internal stress tests) that assist in preventing default contagion.
نمط استشهاد جمعية علماء النفس الأمريكية (APA)
Fan, Hong& Amalia, Allan Alvin Lee Lukaya& Gao, Qianqian. 2018. The Assessment of Systemic Risk in the Kenyan Banking Sector. Complexity،Vol. 2018, no. 2018, pp.1-15.
https://search.emarefa.net/detail/BIM-1136365
نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)
Fan, Hong…[et al.]. The Assessment of Systemic Risk in the Kenyan Banking Sector. Complexity No. 2018 (2018), pp.1-15.
https://search.emarefa.net/detail/BIM-1136365
نمط استشهاد الجمعية الطبية الأمريكية (AMA)
Fan, Hong& Amalia, Allan Alvin Lee Lukaya& Gao, Qianqian. The Assessment of Systemic Risk in the Kenyan Banking Sector. Complexity. 2018. Vol. 2018, no. 2018, pp.1-15.
https://search.emarefa.net/detail/BIM-1136365
نوع البيانات
مقالات
لغة النص
الإنجليزية
الملاحظات
Includes bibliographical references
رقم السجل
BIM-1136365
قاعدة معامل التأثير والاستشهادات المرجعية العربي "ارسيف Arcif"
أضخم قاعدة بيانات عربية للاستشهادات المرجعية للمجلات العلمية المحكمة الصادرة في العالم العربي
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تقوم هذه الخدمة بالتحقق من التشابه أو الانتحال في الأبحاث والمقالات العلمية والأطروحات الجامعية والكتب والأبحاث باللغة العربية، وتحديد درجة التشابه أو أصالة الأعمال البحثية وحماية ملكيتها الفكرية. تعرف اكثر
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