Showing 1 - 10 of 254
Information-based models of capital income inequality that link return heterogeneity to investor sophistication levels need to assume an increase in data costs to generate an increase in inequality. Empirically, this assumption contradicts the fact that investment markets have become more...
Persistent link: https://www.econbiz.de/10012421457
We document the effects of the COVID-19 pandemic on digital finance and fintech adoption and usage. Drawing on mobile …” companies and newer fintech providers during this crisis period. Finally, we show that businesses that are amalgamated with …
Persistent link: https://www.econbiz.de/10012219350
Persistent link: https://www.econbiz.de/10014480290
In this paper, we review the growing literature on FinTech lending – the provision of credit facilitated by technology … that improves the customer-lender interaction or lenders’ screening and monitoring of borrowers. FinTech lending has grown … convenience and speed appears to have been more central to FinTech lending’s growth than improved screening or monitoring, though …
Persistent link: https://www.econbiz.de/10012799613
how the take-up of FinTech credit varies with the entrepreneur’s bank distance. Proximity to the branches of the five … largest stateowned banks correlates positively with the take-up of FinTech credit and suggests more severe credit frictions … access to FinTech credit is largest for younger e-commerce firms and in the month of first-time credit approval …
Persistent link: https://www.econbiz.de/10012612853
How do banks offer mortgages through on online platform to areas without their branch presence? Unique data on responses from different banks to applicant households yield three salient findings: First, banks offer 4% more often and 6 basis points cheaper credit when markets have high versus low...
Persistent link: https://www.econbiz.de/10012052445
Hundreds of equity market intelligence FinTechs have formed in the last decade. We assemble novel data to describe their capabilities, users, and consequences. Our data suggest that these FinTechs: (i) aggregate many data sources, including nontraditional ones (e.g., Twitter, blogs), and...
Persistent link: https://www.econbiz.de/10012003060
“green FinTech,” remains under-determined. Therefore, this paper contributes to this important discussion about green FinTech …-depth analysis of the Swiss FinTech landscape both in terms of green FinTech startups as well as the services offered by the … specific focus on isolated aspects of green FinTech and does not provide a comprehensive perspective on the topic yet. In …
Persistent link: https://www.econbiz.de/10012487860
We study the evolution of US mortgage credit supply during the COVID-19 pandemic. Although the mortgage market experienced a historic boom in 2020, we show there was also a large and sustained increase in intermediation markups that limited the pass-through of low rates to borrowers. Markups...
Persistent link: https://www.econbiz.de/10012593674
The paper proposes a framework for large-scale portfolio optimization which accounts for all the major stylized facts of multivariate financial returns, including volatility clustering, dynamics in the dependency structure, asymmetry, heavy tails, and nonellipticity. It introduces a so-called...
Persistent link: https://www.econbiz.de/10011410659