{"id":"https://openalex.org/W3184979918","doi":"https://doi.org/10.3390/e23070920","title":"A Network Approach to the Study of the Dynamics of Risk Spillover in China\u2019s Bond Market","display_name":"A Network Approach to the Study of the Dynamics of Risk Spillover in China\u2019s Bond Market","publication_year":2021,"publication_date":"2021-07-20","ids":{"openalex":"https://openalex.org/W3184979918","doi":"https://doi.org/10.3390/e23070920","mag":"3184979918","pmid":"https://pubmed.ncbi.nlm.nih.gov/34356461"},"language":"en","primary_location":{"id":"doi:10.3390/e23070920","is_oa":true,"landing_page_url":"https://doi.org/10.3390/e23070920","pdf_url":"https://www.mdpi.com/1099-4300/23/7/920/pdf?version=1626774541","source":{"id":"https://openalex.org/S195231649","display_name":"Entropy","issn_l":"1099-4300","issn":["1099-4300"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Entropy","raw_type":"journal-article"},"type":"article","indexed_in":["crossref","doaj","pubmed"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://www.mdpi.com/1099-4300/23/7/920/pdf?version=1626774541","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5044497472","display_name":"Zhewen Liao","orcid":"https://orcid.org/0000-0002-4431-1906"},"institutions":[{"id":"https://openalex.org/I19820366","display_name":"Chinese Academy of Sciences","ror":"https://ror.org/034t30j35","country_code":"CN","type":"government","lineage":["https://openalex.org/I19820366"]},{"id":"https://openalex.org/I4210096250","display_name":"Beijing Institute of Big Data Research","ror":"https://ror.org/00s1sz824","country_code":"CN","type":"facility","lineage":["https://openalex.org/I20231570","https://openalex.org/I37796252","https://openalex.org/I4210096250"]},{"id":"https://openalex.org/I4210165038","display_name":"University of Chinese Academy of Sciences","ror":"https://ror.org/05qbk4x57","country_code":"CN","type":"education","lineage":["https://openalex.org/I19820366","https://openalex.org/I4210165038"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Zhewen Liao","raw_affiliation_strings":["Key Laboratory of Big Data Mining and Knowledge Management, Chinese Academy of Sciences, Beijing 100190, China","Research Center on Fictitious Economy & Data Science, Chinese Academy of Sciences, Beijing 100190, China","School of Economics and Management, University of Chinese Academy of Sciences, Beijing 100190, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Key Laboratory of Big Data Mining and Knowledge Management, Chinese Academy of Sciences, Beijing 100190, China","institution_ids":["https://openalex.org/I4210096250","https://openalex.org/I19820366"]},{"raw_affiliation_string":"Research Center on Fictitious Economy & Data Science, Chinese Academy of Sciences, Beijing 100190, China","institution_ids":["https://openalex.org/I19820366"]},{"raw_affiliation_string":"School of Economics and Management, University of Chinese Academy of Sciences, Beijing 100190, China","institution_ids":["https://openalex.org/I4210165038"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5100417313","display_name":"Hongli Zhang","orcid":"https://orcid.org/0000-0002-8451-8864"},"institutions":[{"id":"https://openalex.org/I4210165038","display_name":"University of Chinese Academy of Sciences","ror":"https://ror.org/05qbk4x57","country_code":"CN","type":"education","lineage":["https://openalex.org/I19820366","https://openalex.org/I4210165038"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Hongli Zhang","raw_affiliation_strings":["School of Economics and Management, University of Chinese Academy of Sciences, Beijing 100190, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Economics and Management, University of Chinese Academy of Sciences, Beijing 100190, China","institution_ids":["https://openalex.org/I4210165038"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5064220732","display_name":"Kun Guo","orcid":"https://orcid.org/0000-0002-4787-8406"},"institutions":[{"id":"https://openalex.org/I19820366","display_name":"Chinese Academy of Sciences","ror":"https://ror.org/034t30j35","country_code":"CN","type":"government","lineage":["https://openalex.org/I19820366"]},{"id":"https://openalex.org/I4210096250","display_name":"Beijing Institute of Big Data Research","ror":"https://ror.org/00s1sz824","country_code":"CN","type":"facility","lineage":["https://openalex.org/I20231570","https://openalex.org/I37796252","https://openalex.org/I4210096250"]},{"id":"https://openalex.org/I4210165038","display_name":"University of Chinese Academy of Sciences","ror":"https://ror.org/05qbk4x57","country_code":"CN","type":"education","lineage":["https://openalex.org/I19820366","https://openalex.org/I4210165038"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Kun Guo","raw_affiliation_strings":["Key Laboratory of Big Data Mining and Knowledge Management, Chinese Academy of Sciences, Beijing 100190, China","Research Center on Fictitious Economy & Data Science, Chinese Academy of Sciences, Beijing 100190, China","School of Economics and Management, University of Chinese Academy of Sciences, Beijing 100190, China"],"raw_orcid":"https://orcid.org/0000-0002-4787-8406","affiliations":[{"raw_affiliation_string":"Key Laboratory of Big Data Mining and Knowledge Management, Chinese Academy of Sciences, Beijing 100190, China","institution_ids":["https://openalex.org/I4210096250","https://openalex.org/I19820366"]},{"raw_affiliation_string":"Research Center on Fictitious Economy & Data Science, Chinese Academy of Sciences, Beijing 100190, China","institution_ids":["https://openalex.org/I19820366"]},{"raw_affiliation_string":"School of Economics and Management, University of Chinese Academy of Sciences, Beijing 100190, China","institution_ids":["https://openalex.org/I4210165038"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5023371171","display_name":"Ning Wu","orcid":"https://orcid.org/0000-0003-0616-3460"},"institutions":[{"id":"https://openalex.org/I4210148850","display_name":"National Science Library","ror":"https://ror.org/04ndjyr10","country_code":"CN","type":"archive","lineage":["https://openalex.org/I19820366","https://openalex.org/I4210148850"]},{"id":"https://openalex.org/I4210165038","display_name":"University of Chinese Academy of Sciences","ror":"https://ror.org/05qbk4x57","country_code":"CN","type":"education","lineage":["https://openalex.org/I19820366","https://openalex.org/I4210165038"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Ning Wu","raw_affiliation_strings":["National Science Library, Chinese Academy of Sciences, Beijing 100190, China","School of Economics and Management, University of Chinese Academy of Sciences, Beijing 100190, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"National Science Library, Chinese Academy of Sciences, Beijing 100190, China","institution_ids":["https://openalex.org/I4210148850"]},{"raw_affiliation_string":"School of Economics and Management, University of Chinese Academy of Sciences, Beijing 100190, China","institution_ids":["https://openalex.org/I4210165038"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":4,"corresponding_author_ids":["https://openalex.org/A5064220732"],"corresponding_institution_ids":["https://openalex.org/I19820366","https://openalex.org/I4210096250","https://openalex.org/I4210165038"],"apc_list":{"value":2000,"currency":"CHF","value_usd":2165},"apc_paid":{"value":2000,"currency":"CHF","value_usd":2165},"fwci":4.2199,"has_fulltext":true,"cited_by_count":17,"citation_normalized_percentile":{"value":0.94848429,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":94,"max":98},"biblio":{"volume":"23","issue":"7","first_page":"920","last_page":"920"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.9988999962806702,"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":0.9988999962806702,"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/T11270","display_name":"Complex Systems and Time Series Analysis","score":0.9976999759674072,"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/T11326","display_name":"Stock Market Forecasting Methods","score":0.9736999869346619,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/bond-market","display_name":"Bond market","score":0.7254919409751892},{"id":"https://openalex.org/keywords/bond-market-index","display_name":"Bond market index","score":0.7246214151382446},{"id":"https://openalex.org/keywords/bond","display_name":"Bond","score":0.6466042399406433},{"id":"https://openalex.org/keywords/interest-rate-risk","display_name":"Interest rate risk","score":0.6194319128990173},{"id":"https://openalex.org/keywords/zero-coupon-bond","display_name":"Zero-coupon bond","score":0.587665319442749},{"id":"https://openalex.org/keywords/interest-rate","display_name":"Interest rate","score":0.5638928413391113},{"id":"https://openalex.org/keywords/systemic-risk","display_name":"Systemic risk","score":0.5315000414848328},{"id":"https://openalex.org/keywords/financial-economics","display_name":"Financial economics","score":0.4811500310897827},{"id":"https://openalex.org/keywords/market-liquidity","display_name":"Market liquidity","score":0.48104503750801086},{"id":"https://openalex.org/keywords/bond-valuation","display_name":"Bond valuation","score":0.47128620743751526},{"id":"https://openalex.org/keywords/stock-market","display_name":"Stock market","score":0.43796998262405396},{"id":"https://openalex.org/keywords/volatility","display_name":"Volatility (finance)","score":0.4377155303955078},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.38873928785324097},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.3801308870315552},{"id":"https://openalex.org/keywords/monetary-economics","display_name":"Monetary economics","score":0.3438345193862915},{"id":"https://openalex.org/keywords/financial-crisis","display_name":"Financial crisis","score":0.24281948804855347},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.2339257299900055},{"id":"https://openalex.org/keywords/macroeconomics","display_name":"Macroeconomics","score":0.08016827702522278}],"concepts":[{"id":"https://openalex.org/C197142791","wikidata":"https://www.wikidata.org/wiki/Q540626","display_name":"Bond market","level":2,"score":0.7254919409751892},{"id":"https://openalex.org/C194115793","wikidata":"https://www.wikidata.org/wiki/Q1284784","display_name":"Bond market index","level":3,"score":0.7246214151382446},{"id":"https://openalex.org/C69738904","wikidata":"https://www.wikidata.org/wiki/Q11693","display_name":"Bond","level":2,"score":0.6466042399406433},{"id":"https://openalex.org/C29944286","wikidata":"https://www.wikidata.org/wiki/Q205273","display_name":"Interest rate risk","level":3,"score":0.6194319128990173},{"id":"https://openalex.org/C183732909","wikidata":"https://www.wikidata.org/wiki/Q507494","display_name":"Zero-coupon bond","level":3,"score":0.587665319442749},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.5638928413391113},{"id":"https://openalex.org/C144587487","wikidata":"https://www.wikidata.org/wiki/Q1369234","display_name":"Systemic risk","level":3,"score":0.5315000414848328},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.4811500310897827},{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.48104503750801086},{"id":"https://openalex.org/C32959826","wikidata":"https://www.wikidata.org/wiki/Q2361268","display_name":"Bond valuation","level":3,"score":0.47128620743751526},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.43796998262405396},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.4377155303955078},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.38873928785324097},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3801308870315552},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3438345193862915},{"id":"https://openalex.org/C2778300220","wikidata":"https://www.wikidata.org/wiki/Q114380","display_name":"Financial crisis","level":2,"score":0.24281948804855347},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2339257299900055},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.08016827702522278},{"id":"https://openalex.org/C2780762169","wikidata":"https://www.wikidata.org/wiki/Q5905368","display_name":"Horse","level":2,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0}],"mesh":[],"locations_count":5,"locations":[{"id":"doi:10.3390/e23070920","is_oa":true,"landing_page_url":"https://doi.org/10.3390/e23070920","pdf_url":"https://www.mdpi.com/1099-4300/23/7/920/pdf?version=1626774541","source":{"id":"https://openalex.org/S195231649","display_name":"Entropy","issn_l":"1099-4300","issn":["1099-4300"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Entropy","raw_type":"journal-article"},{"id":"pmid:34356461","is_oa":false,"landing_page_url":"https://pubmed.ncbi.nlm.nih.gov/34356461","pdf_url":null,"source":{"id":"https://openalex.org/S4306525036","display_name":"PubMed","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I1299303238","host_organization_name":"National Institutes of Health","host_organization_lineage":["https://openalex.org/I1299303238"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Entropy (Basel, Switzerland)","raw_type":null},{"id":"pmh:oai:doaj.org/article:d930ddbf3ee644969fe372e985608c54","is_oa":true,"landing_page_url":"https://doaj.org/article/d930ddbf3ee644969fe372e985608c54","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Entropy, Vol 23, Iss 7, p 920 (2021)","raw_type":"article"},{"id":"pmh:oai:mdpi.com:/1099-4300/23/7/920/","is_oa":true,"landing_page_url":"https://dx.doi.org/10.3390/e23070920","pdf_url":null,"source":{"id":"https://openalex.org/S4306400947","display_name":"MDPI (MDPI AG)","issn_l":null,"issn":null,"is_oa":true,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I4210097602","host_organization_name":"Multidisciplinary Digital Publishing Institute (Switzerland)","host_organization_lineage":["https://openalex.org/I4210097602"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Entropy; Volume 23; Issue 7; Pages: 920","raw_type":"Text"},{"id":"pmh:oai:pubmedcentral.nih.gov:8303115","is_oa":true,"landing_page_url":"https://www.ncbi.nlm.nih.gov/pmc/articles/8303115","pdf_url":null,"source":{"id":"https://openalex.org/S2764455111","display_name":"PubMed Central","issn_l":null,"issn":null,"is_oa":true,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I1299303238","host_organization_name":"National Institutes of Health","host_organization_lineage":["https://openalex.org/I1299303238"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Entropy (Basel)","raw_type":"Text"}],"best_oa_location":{"id":"doi:10.3390/e23070920","is_oa":true,"landing_page_url":"https://doi.org/10.3390/e23070920","pdf_url":"https://www.mdpi.com/1099-4300/23/7/920/pdf?version=1626774541","source":{"id":"https://openalex.org/S195231649","display_name":"Entropy","issn_l":"1099-4300","issn":["1099-4300"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Entropy","raw_type":"journal-article"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/11","score":0.6000000238418579,"display_name":"Sustainable cities and communities"}],"awards":[{"id":"https://openalex.org/G2123207360","display_name":null,"funder_award_id":"No. 71501175","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"},{"id":"https://openalex.org/G8997958781","display_name":null,"funder_award_id":"71501175","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"}],"funders":[{"id":"https://openalex.org/F4320321001","display_name":"National Natural Science Foundation of China","ror":"https://ror.org/01h0zpd94"},{"id":"https://openalex.org/F4320335787","display_name":"Fundamental Research Funds for the Central Universities","ror":null}],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W3184979918.pdf","grobid_xml":"https://content.openalex.org/works/W3184979918.grobid-xml"},"referenced_works_count":61,"referenced_works":["https://openalex.org/W66338806","https://openalex.org/W1533368239","https://openalex.org/W1588598992","https://openalex.org/W1791334944","https://openalex.org/W1884945875","https://openalex.org/W1971937094","https://openalex.org/W1994106121","https://openalex.org/W2008620264","https://openalex.org/W2031407169","https://openalex.org/W2039734130","https://openalex.org/W2041802061","https://openalex.org/W2056944867","https://openalex.org/W2059940975","https://openalex.org/W2065875419","https://openalex.org/W2070722739","https://openalex.org/W2072024367","https://openalex.org/W2075396839","https://openalex.org/W2078844161","https://openalex.org/W2089954894","https://openalex.org/W2096526352","https://openalex.org/W2108536334","https://openalex.org/W2112090702","https://openalex.org/W2123199877","https://openalex.org/W2126858018","https://openalex.org/W2127800791","https://openalex.org/W2528238373","https://openalex.org/W2531850762","https://openalex.org/W2559458634","https://openalex.org/W2625307600","https://openalex.org/W2768049090","https://openalex.org/W2788049286","https://openalex.org/W2788855309","https://openalex.org/W2804443978","https://openalex.org/W2897257437","https://openalex.org/W2939937597","https://openalex.org/W2941630335","https://openalex.org/W2963498152","https://openalex.org/W2971972182","https://openalex.org/W2985616686","https://openalex.org/W2998428533","https://openalex.org/W3020982786","https://openalex.org/W3021614278","https://openalex.org/W3025524632","https://openalex.org/W3030943785","https://openalex.org/W3034010509","https://openalex.org/W3081612375","https://openalex.org/W3091933360","https://openalex.org/W3098164384","https://openalex.org/W3101319661","https://openalex.org/W3110793828","https://openalex.org/W3121758494","https://openalex.org/W3122186884","https://openalex.org/W3122251927","https://openalex.org/W3122377502","https://openalex.org/W3124395203","https://openalex.org/W3125682001","https://openalex.org/W3190225754","https://openalex.org/W6638094406","https://openalex.org/W6761086858","https://openalex.org/W6772550356","https://openalex.org/W6789672729"],"related_works":["https://openalex.org/W2380021047","https://openalex.org/W3022981472","https://openalex.org/W1741771080","https://openalex.org/W2375009942","https://openalex.org/W3184979918","https://openalex.org/W3195667222","https://openalex.org/W4233462267","https://openalex.org/W2178580442","https://openalex.org/W2032438891","https://openalex.org/W2898118685"],"abstract_inverted_index":{"Since":[0],"2018,":[1],"the":[2,7,11,20,62,71,83,100,104,109,132,136,148,151,157,177,183,195],"bond":[3,25,39,77,87,111,142,167,178],"market":[4,26,102,107,143],"has":[5],"surpassed":[6],"stock":[8],"market,":[9,18,112,168],"becoming":[10],"biggest":[12],"investment":[13,121],"area":[14],"in":[15,108,145,194],"China's":[16,24,141,166],"security":[17],"and":[19,60,69,96,99,119,173,182,198],"systemic":[21,128,163],"risks":[22,164],"of":[23,28,37,85,135,140,150,160,165,176],"are":[27,123,180],"non-negligible":[29],"importance.":[30,129],"Based":[31],"on":[32,48],"daily":[33],"interest":[34,114,152],"rate":[35,115,153],"data":[36],"representative":[38],"categories,":[40],"this":[41],"study":[42],"conducted":[43],"a":[44,57,187],"dynamic":[45,137],"analysis":[46],"based":[47],"generalized":[49],"vector":[50],"autoregressive":[51],"volatility":[52],"spillover":[53,138],"variance":[54],"decomposition,":[55],"constructed":[56],"complex":[58],"network,":[59],"adopted":[61],"minimum":[63],"spanning":[64],"tree":[65],"method":[66],"to":[67],"clarify":[68],"analyze":[70],"risk":[72,196],"propagation":[73],"path":[74],"between":[75],"different":[76],"types.":[78],"It":[79],"is":[80,89,103],"found":[81],"that":[82],"importance":[84],"each":[86],"type":[88],"positively":[90],"correlated":[91],"with":[92,126,147],"liquidity,":[93],"transaction":[94],"volume,":[95],"credit":[97],"rating,":[98],"inter-bank":[101],"most":[105],"important":[106,124],"entire":[110],"while":[113],"bonds,":[116],"bank":[117],"bonds":[118,122],"urban":[120],"varieties":[125],"great":[127],"In":[130],"addition,":[131],"long-term":[133],"trend":[134],"index":[139],"falls":[144],"line":[146,159],"pace":[149],"adjustments.":[154],"To":[155],"hold":[156],"bottom":[158],"preventing":[161],"financial":[162],"standard":[169],"management,":[170],"strict":[171],"supervision,":[172],"timely":[174],"regulation":[175],"markets":[179],"required,":[181],"structural":[184],"entropy,":[185],"as":[186],"useful":[188],"indicator,":[189],"also":[190],"should":[191],"be":[192],"used":[193],"management":[197],"monitoring.":[199]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":3},{"year":2023,"cited_by_count":5},{"year":2022,"cited_by_count":4},{"year":2021,"cited_by_count":2}],"updated_date":"2026-05-06T08:25:59.206177","created_date":"2025-10-10T00:00:00"}
