Blockchain Technology and Systemic Risk
This paper examines the effect of financial institutions management information system migration to blockchain technology on systemic risk. Our study examines a sample of 40 financial institutions around the world. The aim is to identify to what extent the migration of financial company management...
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| Format: | Article |
| Language: | English |
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EconJournals
2020-03-01
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| Series: | International Journal of Economics and Financial Issues |
| Online Access: | https://www.econjournals.com/index.php/ijefi/article/view/9069 |
| _version_ | 1797918318678507520 |
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| author | Aymen Mselmi |
| author_facet | Aymen Mselmi |
| author_sort | Aymen Mselmi |
| collection | DOAJ |
| description |
This paper examines the effect of financial institutions management information system migration to blockchain technology on systemic risk. Our study examines a sample of 40 financial institutions around the world. The aim is to identify to what extent the migration of financial company management information system to blockchain system contribute to minimize systemic risk measures through regressions on panel data. We have reached the empirical evidence which indicates that the change we mentioned earlier affect immediately the systemic risk level. Companies that have adopted the blockchain technology recorded a significant reduction in systemic risk level. In addition, financial institutions that have adopted this latter system recorded a significant decrease in long-run marginal expected shortfall and systemic risk index.
Keywords: Blockchain; Systemic Risk, Financial institutions
JEL Classifications: G21, G32
DOI: https://doi.org/10.32479/ijefi.9069
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| first_indexed | 2024-04-10T13:28:38Z |
| format | Article |
| id | doaj.art-09ba925e78ed47e1ab300ccb4190a020 |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T13:28:38Z |
| publishDate | 2020-03-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-09ba925e78ed47e1ab300ccb4190a0202023-02-15T16:11:46ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382020-03-011024391Blockchain Technology and Systemic RiskAymen Mselmi0University of Jeddah This paper examines the effect of financial institutions management information system migration to blockchain technology on systemic risk. Our study examines a sample of 40 financial institutions around the world. The aim is to identify to what extent the migration of financial company management information system to blockchain system contribute to minimize systemic risk measures through regressions on panel data. We have reached the empirical evidence which indicates that the change we mentioned earlier affect immediately the systemic risk level. Companies that have adopted the blockchain technology recorded a significant reduction in systemic risk level. In addition, financial institutions that have adopted this latter system recorded a significant decrease in long-run marginal expected shortfall and systemic risk index. Keywords: Blockchain; Systemic Risk, Financial institutions JEL Classifications: G21, G32 DOI: https://doi.org/10.32479/ijefi.9069 https://www.econjournals.com/index.php/ijefi/article/view/9069 |
| spellingShingle | Aymen Mselmi Blockchain Technology and Systemic Risk International Journal of Economics and Financial Issues |
| title | Blockchain Technology and Systemic Risk |
| title_full | Blockchain Technology and Systemic Risk |
| title_fullStr | Blockchain Technology and Systemic Risk |
| title_full_unstemmed | Blockchain Technology and Systemic Risk |
| title_short | Blockchain Technology and Systemic Risk |
| title_sort | blockchain technology and systemic risk |
| url | https://www.econjournals.com/index.php/ijefi/article/view/9069 |
| work_keys_str_mv | AT aymenmselmi blockchaintechnologyandsystemicrisk |