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Systemic Risk Clustering of China Internet Financial Based on t-SNE Machine Learning Algorithm

Author

Listed:
  • Mi Chuanmin
  • Xu Runjie
  • Lin Qingtong

Abstract

With the rapid development of Internet finance, a large number of studies have shown that Internet financial platforms have different financial systemic risk characteristics when they are subject to macroeconomic shocks or fragile internal crisis. From the perspective of regional development of Internet finance, this paper uses t-SNE machine learning algorithm to obtain data mining of China's Internet finance development index involving 31 provinces and 335 cities and regions. The conclusion of the peak and thick tail characteristics, then proposed three classification risks of Internet financial systemic risk, providing more regionally targeted recommendations for the systematic risk of Internet finance.

Suggested Citation

  • Mi Chuanmin & Xu Runjie & Lin Qingtong, 2019. "Systemic Risk Clustering of China Internet Financial Based on t-SNE Machine Learning Algorithm," Papers 1909.03808, arXiv.org.
    • Handle: RePEc:arx:papers:1909.03808
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    References listed on IDEAS

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    2. Illing, Mark & Liu, Ying, 2006. "Measuring financial stress in a developed country: An application to Canada," Journal of Financial Stability, Elsevier, vol. 2(3), pages 243-265, October.
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