Keywords
green finance, risk contagion, transition probability
Abstract
As the core of contemporary economic development, the risk of green finance has become the main factor restricting the development of green finance, while the contagion of the risk of green finance market to the green finance market is the important cause of the risk of green finance. By establishing a risk contagion model based on SIRS and introducing transfer probability, this paper compares the different performances of green finance subject to risk contagion and non-green finance subject to risk contagion, proving that the green finance market is greatly affected by external risk contagion, but it can better control the risks of green finance through effective risk transfer means.
DOI
10.16315/j.stm.2021.01.007
Recommended Citation
LIANG, Shuang and LIU, Hui-hong
(2021)
"Risk contagion analysis of green finance based on SIRS model,"
Journal of Science and Technology Management: Vol. 23:
Iss.
1, Article 7.
DOI: 10.16315/j.stm.2021.01.007
Available at:
https://jstm.researchcommons.org/journal/vol23/iss1/7
