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Is Poland at Risk of a Boom-and-Bust Cycle in the Run-Up to Euro Adoption?
Eichengreen, Barry - 2008
We ask whether Poland is at risk of the boom-bust problem that has afflicted economies around the time of euro adoption …. Our answer, inevitably, is mixed. On the one hand the fact that Poland is an outlier, credit-growth wise, accentuates the … Poland. And it is certainly conceivable that the same policies and country characteristics (not always visible to the …
Persistent link: https://www.econbiz.de/10012464209
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Surviving the Fintech Disruption
Jiang, Wei; Tang, Yuehua; Xiao, Jiqiu; Yao, Wenxiong - National Bureau of Economic Research - 2021
This paper studies how demand for labor reacts to financial technology (fintech) shocks based on comprehensive databases of fintech patents and firm job postings in the U.S. during the past decade. We first develop a measure of fintech exposure at the occupation level by intersecting the textual...
Persistent link: https://www.econbiz.de/10012510601
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Epidemic Exposure, Fintech Adoption, and the Digital Divide
Saka, Orkun; Eichengreen, Barry; Aksoy, Cevat Giray - National Bureau of Economic Research - 2021
We ask whether epidemic exposure leads to a shift in financial technology usage within and across countries and if so who participates in this shift. We exploit a dataset combining Gallup World Polls and Global Findex surveys for some 250,000 individuals in 140 countries, merging them with...
Persistent link: https://www.econbiz.de/10012599296
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Cryptocurrencies and Decentralized Finance (DeFi)
Makarov, Igor; Schoar, Antoinette - National Bureau of Economic Research - 2022
The paper provides an overview of cryptocurrencies and decentralized finance. The discussion lays out potential benefits and challenges of the new system and presents a comparison to the traditional system of financial intermediation. Our analysis highlights that while the DeFi architecture...
Persistent link: https://www.econbiz.de/10013191100
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FinTech as a Financial Liberator
Buchak, Greg; Hu, Jiayin; Wei, Shang-jin - National Bureau of Economic Research - 2021
A binding interest rate cap on household savings is a common form of financial repression in developing economies and typically benefits banks. Using proprietary data from a leading Chinese FinTech company, we study Fintech's role in ending financial repression in China through the introduction...
Persistent link: https://www.econbiz.de/10012696357
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Banking and Insurance
Haubrich, Joseph G. - 1984
This paper studies the economic role of financial institutions in economies where agents' incomes are subject to privately observable, idiosyncratic random events. The information structure precludes conventional insurance arrangements. However, a financial institution -- perhaps best viewed as...
Persistent link: https://www.econbiz.de/10012477783
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Microentrepreneurship in Developing Countries
Jayachandran, Seema - 2020
This article reviews the recent literature in economics on small-scale entrepreneurship ("microentrepreneurship") in low-income countries. Major themes in the literature include the determinants and consequences of joining the formal sector; the impacts of access to credit and other financial...
Persistent link: https://www.econbiz.de/10012479185
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Technological Innovation and Discrimination in Household Finance
Morse, Adair - 2020
Technology has changed how discrimination manifests itself in financial services. Replacing human discretion with algorithms in decision-making roles reduces taste-based discrimination, and new modeling techniques have expanded access to financial services to households who were previously...
Persistent link: https://www.econbiz.de/10012479263
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Do Trade Creditors Possess Private Information? Stock Returns Evidence
Hirshleifer, David - 2019
Theories of customer supplier relationships hold that the private information of suppliers about buyers explains the use of trade credit even when there is a competitive banking sector. If suppliers possess private information about their buyers, then the buyer's order size and ability to pay on...
Persistent link: https://www.econbiz.de/10012479507
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Risk Management in Financial Institutions
Rampini, Adriano A. - 2019
We study risk management in financial institutions using data on hedging of interest rate and foreign exchange risk. We find strong evidence that institutions with higher net worth hedge more, controlling for risk exposures, both across institutions and within institutions over time. For...
Persistent link: https://www.econbiz.de/10012479649