Systemic risk spillover between the stock market and banking deposits: Evidence from a sustainability perspective in the South Asian countries.

This research explores the link between stock markets and banking deposits in South Asian (Pakistan, India, Sri Lanka, Nepal) countries. This study empirically examines the systemic risk potential of financial institutions in South Asia using current systemic risk statistics. Yearly data on stock prices and banking deposits from January 2000 to December 2020 were analyzed using a two-stage process. In the first phase, we measure VaR (value at risk), and in the second step, we measure the DCC GARCH model for our empirical analysis. The study findings reveal systemic risk spillover between the stock markets of South Asian countries and the relevant country's banking system deposits. The policymakers can use our study findings to create a more sustainable financial sector.

The dynamic change trends and internal driving factors of green development efficiency: robust evidence from resource-based Yellow River Basin cities.

Promoting the green development of resource-based cities is an essential way to achieve sustainable regional economic development. Based on 2009-2019 panel data of the Yellow River Basin cities, this study adopts the super-directional distance function model to measure the green development efficiency of these selected cities. Furthermore, based on the Malmquist-Luenberger index, this paper focuses on the dynamic change trend of green development efficiency and internal driving factors. Furthermore, the Tobit model is used to specifically explore the influencing factors affecting the green development of cities. The findings suggested that the green development efficiency of selected cities falls in the middle to high range and that the efficiency varies among all cities in the Yellow River Basin. Likewise, technical efficiency improvements and technological progress drive development efficiency, and the former contributes more to green development. However, financial development, energy structure adjustments, and environmental regulation can strongly contribute to the green development of cities, and each influencing factor has obvious temporal and regional differences. This paper proposes appropriate policy suggestions to promote the coordinated development of the economic development and environmental protection of the Yellow River Basin.