中文摘要：

依据中国大陆31个省（市）级行政区2013年1季度至2015年3季度的面板数据,构建单因素、多因素、交互效应的区域性系统性金融风险面板固定效应模型,考量区域性系统性金融风险的影响因素,结果表明：区域性系统性金融风险具有滞后性,生产者价格指数对其影响最大,且对生产者价格指数的敏感度最高,金融市场预期对金融结构具有调节作用。

英文摘要：

Based on the panel data of 31 provinces （municipalities） in mainland China from the first quarter of 2013 to the third quarter of 2015, this paper studies the influencing factors of re- gional systemic financial risks and further analyzes their sensitivity, through constructing single- factor, multi-factors, interaction-effects regional systemic financial risk fixed-effect panel model. The results show that the regional systemic financial risks have lagging effects, and they are not only influenced the greatest by the producer price index, but also the most sensitive to the index; besides, the financial market expectation has a regulatory effect on the financial structure.