2篇
您的检索式：作者名="Aolin LENG"
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| 1 | Credit Risk Transfer in SME Loan Guarantee Networks显示文摘Joint loan guarantee contracts and mutual guarantee contracts among SMEs form the basis of SME guarantee networks. The expansion of these networks increases the fragility of a financial system as a result of the regional and industrial risk contagion embedded within them. By providing a theoretical framework of a loan guarantee network, a method is proposed for calculating the amount of risk spillover caused by loan guarantees taking the perspective of the entire network. In addition,the route of risk contagion in guarantee networks is analyzed, revealing that when default risk shocks occur, risk contagion travels along the nodes not once but for several rounds and that the risk control of one firm cannot prevent these systemic risks. Therefore, a risk control scheme is designed based on the location and importance of firms in the network. Using data from a real guarantee network,we demonstrate that identifying the node locations of firms' in the guarantee network(including the coritivity and closeness of the firm) can help in understanding risk contagion mechanisms and preventing systemic credit risk before a crisis occurs. | LENG Aolin XING Guangyuan FAN Weiguo | 2017 | Journal of Systems Science & Complexity2017，30，5： | 10 |
| 2 | Impacts of China's Emergence on the World Economy: A Value Chain Perspective显示文摘This paper sheds light on the demand-side impact of China’s emergence on the world economy from a value chain perspective. A measure linking final demand with value-added in the context of global value chains is developed. Data from the World Input-Output Database is used to analyze foreign value-added induced by final demand in China. It is found that foreign value-added to meet final demand in China increases over time except during 2008–2009, proving that China has a significant power to shape the world economy through its final demand. Besides, it is found that about88% of foreign value-added is absorbed in China through intermediate imports. In addition, how and to what extend the final demand in China contributes to other countries’ GDP growth is investigated.Results show that continuous increase in foreign value-added absorbed in China becomes a ballooning source of economic growth, and final demand in China is rather a remedy in aftermath of the global recession during 2008–2009. Finally, it is found that the increase in foreign value-added absorbed in China is due not only to the surge in final demand but also to bullwhip effect along global value chains. | Guangyuan XING Aolin LENG Zongxian FENG Yuan ZHANG | 2022 | Journal of Systems Science and Information2022，10，6： | 0 |
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