The SIFIS:“Too Big to Fail”or“Too Connected To Fail”-An Analysis of China's Banking Sector
基于网络模型分析银行间关联性对系统重要性的影响，用中国银行业2007-2009年数据验证了高银行间负债的银行更易引发系统性危机，建议监管同时关注规模和关联性。
Based on a network model,this paper analyses the impact of the interconnectedness on bank's systemic importance.The model shows that bank with high inter - bank liabilities is easier to cause systemic crisis and more losses.With the 2007 ~2009 annual data of China's banking sector,the paper proposes a method to measure the SIFIs of China The empirical analysis verifies that banks with intensive interconnections are easy to cause systemic crisis and greater losses.To enhance banking supervision,we should not only focus on the size of the financial institutions but pay more attention to their interconnectedness,especially formed through inter -bank liabilities.