P2P Lending Risk Contagion Analysis Based on a Complex Network Model
Joint Authors
Source
Discrete Dynamics in Nature and Society
Issue
Vol. 2016, Issue 2016 (31 Dec. 2016), pp.1-8, 8 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2016-07-20
Country of Publication
Egypt
No. of Pages
8
Main Subjects
Abstract EN
This paper analyzes two major channels of P2P lending risk contagion in China—direct risk contagion between platforms and indirect risk contagion with other financial organizations as the contagion medium.
Based on this analysis, the current study constructs a complex network model of P2P lending risk contagion in China and performs dynamics analogue simulations in order to analyze general characteristics of direct risk contagion among China’s online P2P lending platforms.
The assumed conditions are that other financial organizations act as the contagion medium, with variations in the risk contagion characteristics set under the condition of significant information asymmetry in Internet lending.
It is indicated that, compared to direct risk contagion among platforms, both financial organizations acting as the contagion medium and information asymmetry magnify the effect of risk contagion.
It is also found that the superposition of media effects and information asymmetry is more likely to magnify the risk contagion effect.
American Psychological Association (APA)
Wei, Qi& Zhang, Qiang. 2016. P2P Lending Risk Contagion Analysis Based on a Complex Network Model. Discrete Dynamics in Nature and Society،Vol. 2016, no. 2016, pp.1-8.
https://search.emarefa.net/detail/BIM-1103471
Modern Language Association (MLA)
Wei, Qi& Zhang, Qiang. P2P Lending Risk Contagion Analysis Based on a Complex Network Model. Discrete Dynamics in Nature and Society No. 2016 (2016), pp.1-8.
https://search.emarefa.net/detail/BIM-1103471
American Medical Association (AMA)
Wei, Qi& Zhang, Qiang. P2P Lending Risk Contagion Analysis Based on a Complex Network Model. Discrete Dynamics in Nature and Society. 2016. Vol. 2016, no. 2016, pp.1-8.
https://search.emarefa.net/detail/BIM-1103471
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1103471