This paper assesses the potential impact of FinTech on the finance industry, focusing on financial stability and access …, and therefore unlikely to deliver much structural change. FinTech, on the other hand, can bring deep changes but is likely …

(BHC) assets across U.S. metropolitan statistical areas (MSAs) on BHC risk. We find that the geographic expansion of bank …We develop a new identification strategy to evaluate the impact of the geographic expansion of bank holding company … assets reduces risk. Moreover, geographic expansion reduces risk more when BHCs expand into economically dissimilar MSAs, i …

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 …

We investigate how banking relationships that combine lending and underwriting services affect the terms of lending … risk insurance, which is manifested in a reduced demand for lines of credit. We also find evidence of a acirc …

explains how the distribution of bank leverage and risk exposures contributes to a form of systemic risk. We compute bank …When a bank experiences a negative shock to its equity, one way to return to target leverage is to sell assets. If … asset sales occur at depressed prices, then one bank's sales may impact other banks with common exposures, resulting in …

competition materially boosts bank risk. With respect to the mechanisms, we find that competition reduces bank profits, charter …Although policymakers often discuss tradeoffs between bank competition and stability, past research provides differing … theoretical perspectives and empirical results on the impact of competition on risk. In this paper, we employ a new approach for …

) electronic payments system. We construct an equilibrium model of customer and bank adoption of ACH. We structurally estimate the …

Protection Program (PPP). We find that FinTech is disproportionately used in ZIP codes with fewer bank branches, lower incomes …New technology promises to expand the supply of financial services to borrowers poorly served by the banking system …. Does it succeed? We study the response of FinTech to financial services demand created by the introduction of the Paycheck …

uneven playing field enables non-bank FinTech firms to challenge banks for specific products whose success is not tied to … FinTech firms can do, but FinTech firms benefit from an uneven playing field in that they are less regulated than banks. The … loans to small firms. Both Fintech and BigTech are contributing to a secular trend of banks losing their comparative …