The Influencing Factors, Formation Mechanism, and Countermeasures of Systemic Financial Risk

DOI

10.2991/978-94-6239-701-9_79How to use a DOI?

Keywords

Systemic financial risk; Determinants; Mechanism; Countermeasures; Multi-level governance

Abstract

Navigating systemic financial risk represents one of the most pressing challenges to contemporary global financial stability. However, existing research has not yet fully illuminated the complete trajectory of this risk from its nascent accumulation to its eventual outbreak. This paper aims to bridge this gap by systematically reviewing the determinants, formation mechanisms, and countermeasures related to systemic financial risk. Integrating evidence from the macro, meso, and micro levels, it constructs a comprehensive analytical chain that traces the processes of risk accumulation, amplification, and contagion. The analysis reveals that systemic vulnerabilities originate from excessive leverage at the micro level, are subsequently magnified by procyclical dynamics within specific industries at the meso level, and are ultimately triggered by macroeconomic policy shifts or exogenous shocks. Consequently, effective risk prevention necessitates a multi-layered governance system capable of precise intervention at each stage of risk formation. The framework proposed herein offers both a conceptual map for understanding systemic risk and practical guidance for policymakers and market participants alike.

Copyright

© 2026 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

TY  - CONF
AU  - Senze Zheng
PY  - 2026
DA  - 2026/07/30
TI  - The Influencing Factors, Formation Mechanism, and Countermeasures of Systemic Financial Risk
BT  - Proceedings of the 2026 11th International Conference on Social Sciences and Economic Development (ICSSED 2026)
PB  - Atlantis Press
SP  - 764
EP  - 770
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6239-701-9_79
DO  - 10.2991/978-94-6239-701-9_79
ID  - Zheng2026
ER  -