ARTÍCULO
TITULO

Blockchain Technology and Systemic Risk

Aymen Mselmi    

Resumen

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 institutionsJEL Classifications: G21, G32DOI: https://doi.org/10.32479/ijefi.9069

 Artículos similares

       
 
Dominik Metelski and Janusz Sobieraj    
Decentralized finance (DeFi) protocols use blockchain-based tools to mimic banking, investment and trading solutions and provide a viable framework that creates incentives and conditions for the development of an alternative financial services market. In... ver más

 
Huseyin Avunduk, Gülper Basmaci, Serkan Genç     Pág. 134 - 159
Blockchain technology is becoming more and more important and new usage areas are emerging every day. However, the most fundamental one of these usage areas is cryptocurrencies, which led to the emergence of blockchain technology. Cryptocurrency transfer... ver más

 
Inês Faria     Pág. Finance an - 56
This article presents a socio-anthropological analysis of the formation of a business ecosystem around blockchain technology in the Netherlands, within the broader context of the European Union and the digital single market. I argue that while reproducin... ver más

 
Sean Stein Smith     Pág. 27 - 32
Emerging technology tools, such as blockchain, cryptoassets, robotic process automation, and artificial intelligence continue to change and influence the economic landscape at both a macro level and in different professional sectors. Pointedly, cybersecu... ver más

 
Daniel Tischer     Pág. Finance an - 33
This essay explores the organisational character of Facebook?s Libra currency by undertaking a critical reading of documents published by the Libra Association. Drawing on the conceptual work of Marilyn Strathern and Michel Serres, it illustrates how own... ver más