RETRACTED ARTICLE: Measuring the systemic importance of Chinese banks based on risk interactions

Systemic importance of a financial institution is usually measured by the impact on the banking system conditional on the insolvency of this bank and solvency of other banks. However, in reality banks encounter diverse kinds of shocks simultaneously. Therefore, the conditional results give biased estimates of financial institution systemic importance when interactions of various risks are ignored. A number of researchers propose the Shapley...