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Motivated by the world-wide surge of FinTech lending, we analyze the implications of lenders' information technology …-performing loans during the crisis. Our results suggest that technology adoption in lending can enhance financial stability through the …
Persistent link: https://www.econbiz.de/10012252731
digital payments and the entry of a range of competitors including fintech and bigtech firms …We examine how the development of the digital infrastructure known as the 'India Stack'-including an interoperable … payments system, a universal digital ID, and other features-is delivering on the government's objective to expand the provision …
Persistent link: https://www.econbiz.de/10012518740
Digital financial services have been a key driver of financial inclusion in recent years. While there is evidence that … digital financial inclusion? What drives digital financial inclusion? Why does it advance more in some countries but not in … digital financial inclusion is positively associated with growth in GDP per capita during 2011-2018, which suggests that …
Persistent link: https://www.econbiz.de/10012612325
fintech, and costal regions. Such transformation has boosted productivity growth, with varying impact on employment across …China's digital economy has expanded rapidly in recent years. While average digitalization of the economy remains lower …
Persistent link: https://www.econbiz.de/10012001580
recent innovations, such as the combination of data abundance and artificial intelligence, and the rise of digital platforms …
Persistent link: https://www.econbiz.de/10012300645
Many studies predict massive job losses and real wage decline as a result of the ongoing widespread automation of … production, a trend that may be further aggravated by the COVID-19 crisis. Yet automation is also expected to raise productivity … and output. How can we share the gains from automation more widely, for the benefit of all? And what are the attendant …
Persistent link: https://www.econbiz.de/10012605629
This paper considers the implications for developing countries of a new wave of technological change that substitutes pervasively for labor. It makes simple and plausible assumptions: the AI revolution can be modeled as an increase in productivity of a distinct type of capital that substitutes...
Persistent link: https://www.econbiz.de/10012302048
average, perform more routine tasks than men?tasks that are more prone to automation. To quantify the impact on jobs, we … relate data on task composition at work to occupation level estimates of probability of automation, controlling for a rich … workers are at a significantly higher risk for displacement by automation than male workers, with 11 percent of the female …
Persistent link: https://www.econbiz.de/10012021777
This paper uses a DSGE model to simulate the impact of technological change on labor markets and income distribution. It finds that technological advances offers prospects for stronger productivity and growth, but brings risks of increased income polarization. This calls for inclusive policies...
Persistent link: https://www.econbiz.de/10011932374
financial inclusion. There is no clear evidence that fintech developments have supported greater financial inclusion in LAC … fintech. However, fintech development seems to have accelerated in the wake of the COVID-19 pandemic and with the support of …
Persistent link: https://www.econbiz.de/10012796812