{"id":"https://openalex.org/W4313063005","doi":"https://doi.org/10.1145/3556089.3556147","title":"Dynamic Spatial Spillover Effects of Financial Risk: A Comparative Analysis between the Subprime Crisis and the COVID-19 Crisis","display_name":"Dynamic Spatial Spillover Effects of Financial Risk: A Comparative Analysis between the Subprime Crisis and the COVID-19 Crisis","publication_year":2022,"publication_date":"2022-07-16","ids":{"openalex":"https://openalex.org/W4313063005","doi":"https://doi.org/10.1145/3556089.3556147"},"language":"en","primary_location":{"id":"doi:10.1145/3556089.3556147","is_oa":false,"landing_page_url":"https://doi.org/10.1145/3556089.3556147","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2022 13th International Conference on E-business, Management and Economics","raw_type":"proceedings-article"},"type":"conference-paper","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5101571742","display_name":"Chao Liu","orcid":"https://orcid.org/0000-0002-1049-2745"},"institutions":[{"id":"https://openalex.org/I37796252","display_name":"Beijing University of Technology","ror":"https://ror.org/037b1pp87","country_code":"CN","type":"education","lineage":["https://openalex.org/I37796252"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Chao Liu","raw_affiliation_strings":["School of Economics and Management, Beijing University of Technology, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Economics and Management, Beijing University of Technology, China","institution_ids":["https://openalex.org/I37796252"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5109039707","display_name":"Xiaopeng Sun","orcid":"https://orcid.org/0000-0002-8508-8456"},"institutions":[{"id":"https://openalex.org/I37796252","display_name":"Beijing University of Technology","ror":"https://ror.org/037b1pp87","country_code":"CN","type":"education","lineage":["https://openalex.org/I37796252"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Xiaopeng Sun","raw_affiliation_strings":["School of Economics and Management, Beijing University of Technology, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Economics and Management, Beijing University of Technology, China","institution_ids":["https://openalex.org/I37796252"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I37796252"],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":{"value":0.35367762,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":"92","issue":null,"first_page":"406","last_page":"412"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.9840999841690063,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.9840999841690063,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11711","display_name":"COVID-19 Pandemic Impacts","score":0.983299970626831,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9271000027656555,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/spillover-effect","display_name":"Spillover effect","score":0.7958211898803711},{"id":"https://openalex.org/keywords/financial-crisis","display_name":"Financial crisis","score":0.7734096050262451},{"id":"https://openalex.org/keywords/subprime-mortgage-crisis","display_name":"Subprime mortgage crisis","score":0.6605761647224426},{"id":"https://openalex.org/keywords/subprime-crisis","display_name":"Subprime crisis","score":0.5461914539337158},{"id":"https://openalex.org/keywords/financial-contagion","display_name":"Financial contagion","score":0.5345740914344788},{"id":"https://openalex.org/keywords/financial-system","display_name":"Financial system","score":0.5080323219299316},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.463091641664505},{"id":"https://openalex.org/keywords/financial-market","display_name":"Financial market","score":0.45875242352485657},{"id":"https://openalex.org/keywords/systemic-risk","display_name":"Systemic risk","score":0.44756168127059937},{"id":"https://openalex.org/keywords/capital-control","display_name":"Capital control","score":0.43859732151031494},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.41077035665512085},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.25037723779678345},{"id":"https://openalex.org/keywords/capital-flows","display_name":"Capital flows","score":0.1628679633140564},{"id":"https://openalex.org/keywords/market-economy","display_name":"Market economy","score":0.10609179735183716},{"id":"https://openalex.org/keywords/macroeconomics","display_name":"Macroeconomics","score":0.09555935859680176}],"concepts":[{"id":"https://openalex.org/C55527203","wikidata":"https://www.wikidata.org/wiki/Q334194","display_name":"Spillover effect","level":2,"score":0.7958211898803711},{"id":"https://openalex.org/C2778300220","wikidata":"https://www.wikidata.org/wiki/Q114380","display_name":"Financial crisis","level":2,"score":0.7734096050262451},{"id":"https://openalex.org/C148901597","wikidata":"https://www.wikidata.org/wiki/Q844541","display_name":"Subprime mortgage crisis","level":3,"score":0.6605761647224426},{"id":"https://openalex.org/C2994123097","wikidata":"https://www.wikidata.org/wiki/Q844541","display_name":"Subprime crisis","level":3,"score":0.5461914539337158},{"id":"https://openalex.org/C2778890369","wikidata":"https://www.wikidata.org/wiki/Q499041","display_name":"Financial contagion","level":3,"score":0.5345740914344788},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.5080323219299316},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.463091641664505},{"id":"https://openalex.org/C19244329","wikidata":"https://www.wikidata.org/wiki/Q208697","display_name":"Financial market","level":2,"score":0.45875242352485657},{"id":"https://openalex.org/C144587487","wikidata":"https://www.wikidata.org/wiki/Q1369234","display_name":"Systemic risk","level":3,"score":0.44756168127059937},{"id":"https://openalex.org/C2776811073","wikidata":"https://www.wikidata.org/wiki/Q1946428","display_name":"Capital control","level":4,"score":0.43859732151031494},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.41077035665512085},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.25037723779678345},{"id":"https://openalex.org/C2991741723","wikidata":"https://www.wikidata.org/wiki/Q8137","display_name":"Capital flows","level":3,"score":0.1628679633140564},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.10609179735183716},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.09555935859680176},{"id":"https://openalex.org/C58823610","wikidata":"https://www.wikidata.org/wiki/Q746418","display_name":"Liberalization","level":2,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1145/3556089.3556147","is_oa":false,"landing_page_url":"https://doi.org/10.1145/3556089.3556147","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2022 13th International Conference on E-business, Management and Economics","raw_type":"proceedings-article"}],"best_oa_location":null,"sustainable_development_goals":[{"score":0.4399999976158142,"display_name":"Partnerships for the goals","id":"https://metadata.un.org/sdg/17"}],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":25,"referenced_works":["https://openalex.org/W1733756577","https://openalex.org/W1998116554","https://openalex.org/W2025435051","https://openalex.org/W2053803148","https://openalex.org/W2071126638","https://openalex.org/W2204592432","https://openalex.org/W2567163353","https://openalex.org/W2730218351","https://openalex.org/W2765569956","https://openalex.org/W2922908513","https://openalex.org/W2964574427","https://openalex.org/W2972544280","https://openalex.org/W3026479760","https://openalex.org/W3037078631","https://openalex.org/W3042860703","https://openalex.org/W3080671415","https://openalex.org/W3122309686","https://openalex.org/W3134015591","https://openalex.org/W3157104945","https://openalex.org/W3169770424","https://openalex.org/W3187926300","https://openalex.org/W3213896574","https://openalex.org/W4200101666","https://openalex.org/W4206811345","https://openalex.org/W4247110653"],"related_works":["https://openalex.org/W2372349703","https://openalex.org/W2360398332","https://openalex.org/W4395056156","https://openalex.org/W1844136732","https://openalex.org/W3123472021","https://openalex.org/W2906306439","https://openalex.org/W2348073117","https://openalex.org/W2077868276","https://openalex.org/W2160164079","https://openalex.org/W2359710823"],"abstract_inverted_index":{"The":[0,86,105],"subprime":[1,37,73,99,158,191],"crisis":[2,6,38,42,74,78,100,185],"and":[3,28,39,49,56,64,75,134,169,197],"the":[4,10,21,25,36,40,58,72,76,81,90,98,102,118,121,129,157,162,175,183,190],"COVID-19":[5,41,77,119,163,184],"have":[7,138],"severely":[8],"impacted":[9],"development":[11],"of":[12,32,44,68,94,125,179],"global":[13],"financial":[14,22,33,51,69,95,115,126,144,170,180,203],"stability,":[15],"which":[16],"arouses":[17],"scholars'":[18],"thinking":[19],"about":[20],"risk.":[23,52,116,145],"Clarifying":[24],"contagion":[26,60,62,92,123,177],"mechanism":[27,93,124],"spatial":[29,65,111,140,176],"spillover":[30,66,112,130,141],"effect":[31,113],"risk":[34,70,96,127,147,204],"under":[35],"is":[43,101,128,148,186],"great":[45],"significance":[46],"for":[47,199],"preventing":[48],"controlling":[50],"This":[53,193],"paper":[54,194],"explores":[55],"compares":[57],"main":[59],"mechanism,":[61],"channels,":[63],"effects":[67,142],"during":[71,97,156,161,182,189],"by":[79],"using":[80],"dynamic":[82],"Spatial":[83],"Dubin":[84],"Model.":[85],"results":[87],"show":[88],"that":[89],"transnational":[91,122],"monsoon":[103],"effect.":[104,131],"inflation":[106],"rate":[107],"has":[108],"a":[109],"positive":[110,139],"on":[114,143],"During":[117],"crisis,":[120,159,164],"Net":[132],"exports":[133],"stock":[135],"market":[136],"returns":[137],"Financial":[146],"mainly":[149],"transmitted":[150],"across":[151],"borders":[152],"through":[153,166],"commodity":[154],"prices":[155],"while":[160],"it's":[165],"trade":[167],"exchanges":[168],"capital":[171],"flows.":[172],"In":[173],"addition,":[174],"intensity":[178],"risks":[181],"higher":[187],"than":[188],"crisis.":[192],"provides":[195],"experience":[196],"reference":[198],"countries":[200],"to":[201],"formulate":[202],"prevention":[205],"plans.":[206]},"counts_by_year":[],"updated_date":"2026-07-29T14:22:42.915294","created_date":"2025-10-10T00:00:00"}
