{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,1,30]],"date-time":"2026-01-30T14:06:28Z","timestamp":1769781988474,"version":"3.49.0"},"reference-count":40,"publisher":"Institute of Electrical and Electronics Engineers (IEEE)","license":[{"start":{"date-parts":[[2021,1,1]],"date-time":"2021-01-01T00:00:00Z","timestamp":1609459200000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/creativecommons.org\/licenses\/by\/4.0\/legalcode"}],"funder":[{"DOI":"10.13039\/501100012325","name":"Project of the National Social Science Foundation of China: the Research on the Relationship between Major Risk Events and Stock Market Liquidity and Volatility","doi-asserted-by":"publisher","award":["17BTJ034"],"award-info":[{"award-number":["17BTJ034"]}],"id":[{"id":"10.13039\/501100012325","id-type":"DOI","asserted-by":"publisher"}]},{"DOI":"10.13039\/501100012325","name":"Project of the National Social Science Foundation of China: A Study on Unbalanced and Rebalancing Development of Inclusive Finance from a Spatial Perspective","doi-asserted-by":"publisher","award":["18BJL077"],"award-info":[{"award-number":["18BJL077"]}],"id":[{"id":"10.13039\/501100012325","id-type":"DOI","asserted-by":"publisher"}]}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["IEEE Access"],"published-print":{"date-parts":[[2021]]},"DOI":"10.1109\/access.2021.3055967","type":"journal-article","created":{"date-parts":[[2021,2,2]],"date-time":"2021-02-02T06:25:48Z","timestamp":1612247148000},"page":"22171-22185","source":"Crossref","is-referenced-by-count":17,"title":["Research on Systemic Financial Risk Measurement Based on HMM and Text Mining: A Case of China Financial Market"],"prefix":"10.1109","volume":"9","author":[{"ORCID":"https:\/\/orcid.org\/0000-0002-5930-3765","authenticated-orcid":false,"given":"Zhanfeng","family":"Li","sequence":"first","affiliation":[]},{"ORCID":"https:\/\/orcid.org\/0000-0001-6660-0672","authenticated-orcid":false,"given":"Yanli","family":"Cai","sequence":"additional","affiliation":[]},{"ORCID":"https:\/\/orcid.org\/0000-0001-8431-4565","authenticated-orcid":false,"given":"Shulan","family":"Hu","sequence":"additional","affiliation":[]}],"member":"263","reference":[{"key":"ref39","first-page":"1","article-title":"An inequality and associated maximization technique in statistical estimation for probabilistic functions of Markov processes","volume":"3","author":"baum","year":"1972","journal-title":"Inequalities"},{"key":"ref38","doi-asserted-by":"publisher","DOI":"10.1214\/aoms\/1177697196"},{"key":"ref33","doi-asserted-by":"publisher","DOI":"10.1016\/0304-4076(86)90063-1"},{"key":"ref32","doi-asserted-by":"publisher","DOI":"10.1109\/9.839943"},{"key":"ref31","doi-asserted-by":"publisher","DOI":"10.1109\/TAC.1982.1103061"},{"key":"ref30","author":"bar-shalom","year":"1993","journal-title":"Estimation and Tracking-Principles Techniques and Software"},{"key":"ref37","first-page":"432","article-title":"Multivariate copula-GARCH model and its applications in financial risk analysis","volume":"26","author":"wei","year":"2007","journal-title":"Journal of Applied Statistics and Management"},{"key":"ref36","doi-asserted-by":"publisher","DOI":"10.1146\/annurev-financial-110217-023056"},{"key":"ref35","doi-asserted-by":"publisher","DOI":"10.1016\/j.najef.2013.02.015"},{"key":"ref34","doi-asserted-by":"publisher","DOI":"10.2307\/1912773"},{"key":"ref10","first-page":"79","article-title":"Quantifying sector-level balance sheet contagion&#x2014;China&#x2019;s macro-financial risk analysis","volume":"45","author":"gong","year":"2010","journal-title":"Economic Research Journal"},{"key":"ref40","doi-asserted-by":"publisher","DOI":"10.1109\/DCC.1998.672143"},{"key":"ref11","first-page":"16","article-title":"Scale, relevance and measurement of systemically important banks in China","volume":"389","author":"fan","year":"2012","journal-title":"J Financial Res"},{"key":"ref12","doi-asserted-by":"publisher","DOI":"10.1287\/mnsc.10.1.174"},{"key":"ref13","doi-asserted-by":"publisher","DOI":"10.1080\/10920277.1999.10595795"},{"key":"ref14","article-title":"CoVaR: A method for macroprudential regulation","author":"adrian","year":"2009"},{"key":"ref15","doi-asserted-by":"publisher","DOI":"10.1016\/j.jbankfin.2004.09.007"},{"key":"ref16","first-page":"202","article-title":"Banking stability measures","volume":"23","author":"basurto","year":"2009","journal-title":"IMF Working Papers"},{"key":"ref17","doi-asserted-by":"publisher","DOI":"10.1016\/j.jfs.2006.06.002"},{"key":"ref18","first-page":"99","article-title":"An empirical research on early&#x2013;warming of financial risk in China","volume":"411","author":"wang","year":"2014","journal-title":"J Financial Res"},{"key":"ref19","first-page":"18","article-title":"On China&#x2019;s financial systemic risks","volume":"432","author":"tao","year":"2016","journal-title":"J Financial Res"},{"key":"ref28","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1111\/j.2517-6161.1977.tb01600.x","article-title":"Maximum likelihood estimation from incomplete data via the EM algorithm (with discussion)","volume":"39","author":"dempster","year":"1977","journal-title":"J Roy Statist Soc B Statist Methodol"},{"key":"ref4","doi-asserted-by":"publisher","DOI":"10.1016\/j.scitotenv.2016.05.002"},{"key":"ref27","doi-asserted-by":"publisher","DOI":"10.1109\/TIT.1967.1054010"},{"key":"ref3","first-page":"2","year":"2011","journal-title":"Macroprudential Policy Tools and Frameworks Update to G20 Finance Ministers and Central Bank Governors"},{"key":"ref6","doi-asserted-by":"publisher","DOI":"10.2469\/dig.v40.n1.29"},{"key":"ref29","doi-asserted-by":"publisher","DOI":"10.1515\/9780691218632-189"},{"key":"ref5","author":"gerard","year":"1999","journal-title":"Bank Insolvencies Cross-Country Experience"},{"key":"ref8","first-page":"123","volume":"3","author":"hans","year":"2007","journal-title":"Interbank Exposures An Empirical Examination of Contagion Risk in the Belgian Banking System"},{"key":"ref7","doi-asserted-by":"publisher","DOI":"10.2307\/3866509"},{"key":"ref2","first-page":"193","article-title":"Systemic risk","volume":"97","author":"schwarcz","year":"2008","journal-title":"THE Georgetown Law Journal"},{"key":"ref9","doi-asserted-by":"publisher","DOI":"10.1016\/j.jfi.2013.08.001"},{"key":"ref1","doi-asserted-by":"publisher","DOI":"10.1016\/j.jfineco.2011.12.010"},{"key":"ref20","first-page":"69","article-title":"Research on the measurement of systemic financial risk based on financial stress index","volume":"4","author":"xu","year":"2015","journal-title":"The Journal of Economic Perspectives"},{"key":"ref22","first-page":"3","article-title":"Construction of systemic risk measurement index and analysis of early warning ability in China&#x2014;Based on dynamic factor model of mixing data","volume":"514","author":"yang","year":"2019","journal-title":"South China Finance"},{"key":"ref21","first-page":"120","article-title":"The construction of financial risk index FRI in China and the test of economic forecast","volume":"446","author":"wu","year":"2016","journal-title":"Statist Decis"},{"key":"ref24","first-page":"70","article-title":"Measurement of China&#x2019;s systemic financial risk based on text mining and Web crawler technology","volume":"5","author":"wu","year":"2018","journal-title":"Jianghuai Tribune"},{"key":"ref23","first-page":"68","article-title":"Can Internet search behavior help to forecast the macro economy?","volume":"50","author":"liu","year":"2015","journal-title":"Economic Research Journal"},{"key":"ref26","doi-asserted-by":"publisher","DOI":"10.1214\/aoms\/1177699147"},{"key":"ref25","doi-asserted-by":"publisher","DOI":"10.1109\/ACCESS.2020.3009626"}],"container-title":["IEEE Access"],"original-title":[],"link":[{"URL":"http:\/\/xplorestaging.ieee.org\/ielx7\/6287639\/9312710\/09343248.pdf?arnumber=9343248","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2024,8,23]],"date-time":"2024-08-23T11:15:34Z","timestamp":1724411734000},"score":1,"resource":{"primary":{"URL":"https:\/\/ieeexplore.ieee.org\/document\/9343248\/"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2021]]},"references-count":40,"URL":"https:\/\/doi.org\/10.1109\/access.2021.3055967","relation":{},"ISSN":["2169-3536"],"issn-type":[{"value":"2169-3536","type":"electronic"}],"subject":[],"published":{"date-parts":[[2021]]}}}