Connectedness and systemic risk of the banking industry along the Belt and Road
This paper adopts the tail-event driven network (TENET) framework to explore the connectedness and systemic risk of the banking industry along the Belt and Road (B&R) based on weekly returns of 1307 rough country 377 publicly-listed banks from 2014 to 2019.We conduct the connectedness analysis from four levels (i.e., system, region, country and ins