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Heterogeneous dependence of the FinTech Index with Global Systemically Important Banks (G-SIBs)

Author

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  • Zeng, Hongjun
  • Abedin, Mohammad Zoynul
  • Lucey, Brian

Abstract

This paper aims to investigate the Granger causality relationship in quantile between the FinTech Index and globally systemically important banks (G-SIBs). The result was observed that at the median and under conditions of extreme quantiles in the FinTech Index, there was no Granger causality relationship between the FinTech Index and the vast majority of systemically important banks. Our research offered vital insights to regulatory agencies, highlighting the importance of monitoring market conditions at higher or lower quantiles to prevent the impact of financial technology on G-SIBs and to maintain global financial stability.

Suggested Citation

  • Zeng, Hongjun & Abedin, Mohammad Zoynul & Lucey, Brian, 2024. "Heterogeneous dependence of the FinTech Index with Global Systemically Important Banks (G-SIBs)," Finance Research Letters, Elsevier, vol. 64(C).
    • Handle: RePEc:eee:finlet:v:64:y:2024:i:c:s1544612324004549
    DOI: 10.1016/j.frl.2024.105424
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    References listed on IDEAS

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    1. Zeng, Hongjun & Abedin, Mohammad Zoynul & Wu, Ran & Ahmed, Abdullahi D., 2024. "Asymmetric dependency among US national financial conditions and clean energy markets," Global Finance Journal, Elsevier, vol. 63(C).
    2. Ma, Chao-Qun & Liu, Xukang & Klein, Tony & Ren, Yi-Shuai, 2025. "Decoding the nexus: How fintech and AI stocks drive the future of sustainable finance," International Review of Economics & Finance, Elsevier, vol. 98(C).
    3. Hasan, Morshadul & Hoque, Ariful & Abedin, Mohammad Zoynul & Gasbarro, Dominic, 2024. "FinTech and sustainable development: A systematic thematic analysis using human- and machine-generated processing," International Review of Financial Analysis, Elsevier, vol. 95(PC).
    4. Alam, Ashraful & Banna, Hasanul & Roni, Naheed Nawazesh & Abedin, Mohammad Zoynul, 2025. "Sowing Sustainability: How does fintech mitigate agricultural financial risk from climate change vulnerability," International Review of Economics & Finance, Elsevier, vol. 101(C).
    5. Zeng, Hongjun & Huang, Qingcheng & Abedin, Mohammad Zoynul & Ahmed, Abdullahi D. & Lucey, Brian, 2025. "Connectedness and frequency connection among green bond, cryptocurrency and green energy-related metals around the COVID-19 outbreak," Research in International Business and Finance, Elsevier, vol. 73(PA).

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