Despite repeated calls for fintech regulations, the impact of looming fintech regulations is still unclear. This paper uses the event of uniformly implementing registration requirements in Chinese peer-to-peer (P2P) industry to answer this question. The results show that, even though the...

Using the event of uniformly implementing registration requirements in Chinese peer-to-peer (P2P) industry, this paper evaluates the impact of fintech regulations and pays particular attention to the moderating effect of the too-big-to-fail (TBTF) perception. The results show that, even though...

This paper develops and calibrates a structural model of contingent capital. The model can be calibrated to specific institutions and used to provide quantitative guidance on important practical issues. For instance this paper appears to be the first to consider the problem of empirically...