The Impact of Macroeconomic Fluctuations on Banking Risks under Major Public Health Emergencies——An Analysis Based on the Masking Effect of Banking Risk Preference

Abstract

Abstract: Major public health emergencies that cause global economic recession highlight the financial vulnerability, so preventing and solving banking risks has become a challenging task for governments around the world. This paper analyzes the difference of the impact of macroeconomic fluctuations on banking risk before and after the outbreak of major public health emergencies. The results show that there is a significant negative correlation between macroeconomic fluctuation and banking risks. At the same time, major public health emergencies strengthen the masking effect of banking risk preference, and then weaken the impact of macroeconomic fluctuations on banking risks. This paper innovatively starts from the channel of banking risk preference masking effect to analyze the impact of macroeconomic fluctuations on banking risks against the backdrop of major public health emergencies, and the findings can be used to develop a sound mechanism of governance against macroeconomic volatility caused by major public health emergencies, and formulate precise policies to guard against banking risks.

Key words: major public health emergencies, macroeconomic fluctuations, banking risks, risk preference, masking effect

Shen Li, Mi Yingjing, Qiang Tianjian. The Impact of Macroeconomic Fluctuations on Banking Risks under Major Public Health Emergencies——An Analysis Based on the Masking Effect of Banking Risk Preference[J]. Management Review, 2023, 35(5): 54-65.

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