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This paper investigates the effect of economic policy uncertainty (EPU) on the systemic risk of the fintech industry. To achieve this goal, we first estimate the evolution of system-wide systemic risk using the Catastrophic Risk in the Financial Sector (CatFin) method. We further utilize the...
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innovation in the case of China, using the autoregressive distributed lag (ARDL) approach to co-integration approach of … causality running from EPU to innovation. The future of China is uncertain, so when the economic uncertainty is higher, it … innovation accounting for causality analysis. The empirical findings show that EPU can negatively affect innovation. EPU …
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