The effects of financial spatial structure on household financial vulnerability: Evidence from China.

ABSTRACT: Based on the panel data of Chinese Family Panel Studies (CFPS) and cities from 2012 to 2020, this paper explores the impact of financial spatial structure on household financial vulnerability and the moderating effect of financial regulation and financial technology from the perspective of the "local market effects" and "spatial spillover effects" of finance. It is indicated that: firstly, the "local market effects" and "spatial spillover effects" of financial spatial structure effectively alleviate household financial vulnerability and the conclusion is still hold true after conducting endogeneity analysis and a series of robustness test. Secondly, promoting household entrepreneurship, optimizing asset allocation, and enhancing residents' financial literacy are crucial channels through wh

SUBMITTER: Gao H 

PROVIDER: S-EPMC11530077 | biostudies-literature | 2024

REPOSITORIES: biostudies-literature