Yongnian Yan, Rendong Wu, Renji Zhang, Zhuo Xiong and Feng Lin
This paper introduces a new subject called bio‐manufacturing. Bio‐manufacturing combines life science with manufacturing science, and uses manufacturing method to form materials…
Abstract
This paper introduces a new subject called bio‐manufacturing. Bio‐manufacturing combines life science with manufacturing science, and uses manufacturing method to form materials with bio‐activity and bio‐degradability into scaffolds. In this paper, we discuss the hierarchy of bio‐manufacturing: the lower grade uses undegradable bio‐material to form permanent organ replacement such as auricular cartilage and the higher grade uses biodegradable bio‐materials to repair organ damage or organ replacement which degrades after embedded in the human body. They all adopt jetting/extrusion deposition process (fused deposition modelling or 3D printer), the distinct different point being the temperature of the forming chamber. The samples of bones and auricular cartilage produced by those processes had been practiced on dogs and rabbits, repaired their damage.
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Ming Qi, Jiawei Zhang, Jing Xiao, Pei Wang, Danyang Shi and Amuji Bridget Nnenna
In this paper the interconnectedness among financial institutions and the level of systemic risks of four types of Chinese financial institutions are investigated.
Abstract
Purpose
In this paper the interconnectedness among financial institutions and the level of systemic risks of four types of Chinese financial institutions are investigated.
Design/methodology/approach
By the means of RAS algorithm, the interconnection among financial institutions are illustrated. Different methods, including Linear Granger, Systemic impact index (SII), vulnerability index (VI), CoVaR, and MES are used to measure the systemic risk exposures across different institutions.
Findings
The results illustrate that big banks are more interconnected and hold the biggest scales of inter-bank transactions in the financial network. The institutions which have larger size tend to have more connection with others. Insurance and security companies contribute more to the systemic risk where as other institutions, such as trusts, financial companies, etc. may bring about severe loss and endanger the financial system as a whole.
Practical implications
Since other institutions with low levels of regulation may bring about higher extreme loss and suffer the whole system, it deserves more attention by regulators considering the contagion of potential risks in the financial system.
Originality/value
This study builds a valuable contribution by examine the systemic risks from the perspectives of both interconnection and tail risk measures. Furthermore; Four types financial institutions are investigated in this paper.