Research on the early warning system of regional financial risk. (27th June 2022)

• Record Type: Journal Article
• Authors: Lin, Xiaowei; Peng, Yaqin
• Is Part Of: International journal of industrial and systems engineering. Volume 41:Number 3(2022)
• Page Start: 404
• Page End: 415
• Publication Date: 2022-06-27
• Subjects: regional financial risk -- early warning system -- mapping treatment -- GRITIC method; Systems engineering -- Periodicals; Industrial engineering -- Periodicals; 620.001171
• Languages: English
• ISSNs: 1748-5037

Abstract

It is a systematic research work to design the early warning system of regional financial risk. This paper selects a total of 17 regional financial risk early warning indicators from the aspects of external macro-impact, regional macro-economic and regional micro-finance. The paper then uses the mapping method, GRITIC method and comprehensive scoring method to deal with the index standardisation, index weight and comprehensive risk measurement respectively, and construct the regional financial risk early warning system. Based on the empirical research of Fujian Province's actual data, the results show that there are implied fluctuations in the overall stability of regional finance in Fujian Province from 2013 to 2017, but some important early warning indicators still have different levels of risk. Finally, according to the early warning results of Fujian Province, the targeted financial risk prevention measures are put forward.