Finkelstein Shapiro, Alan; Mandelman, Federico S.; … - 2022
a reduction in output volatility, greater fintech entry also leads to greater volatility in bank credit, thereby …Financial inclusion is strikingly low in emerging economies. In only a few years, financial technologies (fintech) have …-market implications of this rapid growth of fintech are not known. We build a model with a traditional banking system and endogenous …