Dynamic Cross-Correlations between Participants’ Attentions to P2P Lending and Offline Loan in the Private Lending Market
Joint Authors
Zhang, Wei
Zhao, Yingxiu
Kong, Xiangyu
Source
Issue
Vol. 2019, Issue 2019 (31 Dec. 2019), pp.1-8, 8 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2019-12-12
Country of Publication
Egypt
No. of Pages
8
Main Subjects
Abstract EN
In this paper, we examine the dynamic cross-correlations between participants’ attentions to the P2P lending and offline loan (lending) with the method of multifractal detrended cross-correlation analysis (MF-DCCA).
The empirical result mainly shows that (1) the power-law cross-correlation exists between participants’ attentions to the P2P lending and offline loan and is persistent, (2) the cross-correlation is more stable in the short term, and (3) the relation subjected to a small fluctuation is more cross-correlated than that under larger ones.
Furthermore, we carry out the robustness test to verify the result.
The Granger causality test indicates that participants’ attentions to P2P lending and offline loan Granger cause each other in the short term.
American Psychological Association (APA)
Zhao, Yingxiu& Zhang, Wei& Kong, Xiangyu. 2019. Dynamic Cross-Correlations between Participants’ Attentions to P2P Lending and Offline Loan in the Private Lending Market. Complexity،Vol. 2019, no. 2019, pp.1-8.
https://search.emarefa.net/detail/BIM-1131090
Modern Language Association (MLA)
Zhao, Yingxiu…[et al.]. Dynamic Cross-Correlations between Participants’ Attentions to P2P Lending and Offline Loan in the Private Lending Market. Complexity No. 2019 (2019), pp.1-8.
https://search.emarefa.net/detail/BIM-1131090
American Medical Association (AMA)
Zhao, Yingxiu& Zhang, Wei& Kong, Xiangyu. Dynamic Cross-Correlations between Participants’ Attentions to P2P Lending and Offline Loan in the Private Lending Market. Complexity. 2019. Vol. 2019, no. 2019, pp.1-8.
https://search.emarefa.net/detail/BIM-1131090
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1131090