Lin, Binzhao; Bo, Yu; Hu, Wentao - In: Applied economics 56 (2024) 58, pp. 8362-8377
As a crucial component of financial opening, stock market liberalization is a vital measure for China to advance market …-oriented and open-oriented reforms. However, effective risk prevention and control must be in place as a prerequisite. Examining … which this stock market liberalization policy affects stock tail systemic risk using a time-varying Difference …