Business 658 Manajemen Systemic risk Banking crisis Banks Capm Crisis Dynamic behavior Emerging Markets Factor Model Flight-to-quality Frequently traded stock GARCH Government bond High market capitalization Interconnectedness Jepan-Industri Liquid stock Manajemen Komparasi Network analysis Network centrality Numerical approach SIFI Spillover Spread decomposition Stock Stock market Systemic Risk Time-varying correlation Trading friction asset pricing business cycle business sector crisis factor model financial cycle financial sector four-factor model index m.24 manajemen perindustrian mutual funds noise performance evaluation portfolio management realized variance speed of adjustment spillover stock return