Lan, Keyi; Ma, Sichao; Peng, Yuchao; Wang, Fanzhi - 2021
Does higher policy uncertainty lead to higher financial risk for sure? This study shows an opposite evidence. Based on … large negative impact on the bank systemic risk, and the effect is more pronounced for small and unprofitable banks. Further … analysis shows that the decline in bank systemic risk is due to the lower similarity of asset and liability structure between …