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The real effects of FinTech lending on SMEs : evidence from loan applications
Eça, Afonso; Ferreira, Miguel A.; Prado, Melissa Porras; … - 2022
We show that FinTech lending affects credit markets and real economic activity using a unique data set of a Peer …-to-Business platform for which we have the universe of loan applications. We find that FinTech serves high quality and creditworthy small … businesses who already have access to bank credit. Firms use FinTech to obtain long-term unsecured loans and reduce their …
Persistent link: https://www.econbiz.de/10012818733
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Financial intermediation and technology : what's old, what's new?
Boot, Arnoud W. A.; Hoffmann, Peter; Laeven, Luc; … - 2020
We study the effects of technological change on financial intermediation, distinguishing between innovations in information (data collection and processing) and communication (relationships and distribution). Both follow historic trends towards an increased use of hard information and less...
Persistent link: https://www.econbiz.de/10012241264
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Consumers' payment preferences and banking digitalisation in the euro area
Meyer, Justus; Teppa, Federica - 2024
This paper contributes to understanding consumers' retail payment preferences and digitalisation in personal finances. We focus on the acceptance of cashless payments in everyday situations and the use of mobile banking apps in the euro area, where the payment services market has changed...
Persistent link: https://www.econbiz.de/10014490489
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Global and local drivers of Bitcoin trading vis-à-vis fiat currencies
Di Casola, Paola; Habib, Maurizio Michael; … - 2023
We analyse the drivers of Bitcoin transactions against 44 fiat currencies in the largest peer-to-peer crypto exchanges. Momentum and volatility in the cryptoasset market, as well as volatility and liquidity in global financial markets do matter for Bitcoin trading. There is suggestive evidence...
Persistent link: https://www.econbiz.de/10014482905
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The importance of being special : repo markets during the crisis
Corradin, Stefano; Maddaloni, Angela - 2017
Specialness - the premium of procuring a specific security in the repo market - increased in the second half of 2011 for Italian government bonds. We assess the impact on specialness of the outright purchase program of the Eurosystem during the same period. Bonds bought by the Eurosystem had...
Persistent link: https://www.econbiz.de/10011647833
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Destabilisation of bank deposits across destinations : assessment and policy implications
Bindseil, Ulrich; Senner, Richard - 2024
Rapid and large deposit outflows from banks have regained attention in the context of the March 2023 demises of Credit Suisse, SVB and other regional US banks. Moreover, the possible introduction of CBDC or a marked success of stablecoins are perceived as additional clouds over the future of...
Persistent link: https://www.econbiz.de/10014484225
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Digitalisation and the economy
Dedola, Luca; Ehrmann, Michael; Hoffmann, Peter; Lamo, Ana - 2023
essential to improve productivity and equity while avoiding a polarisation of labour markets. E-commerce and fintech will likely … lead to a faster transmission of monetary policy. The rise of fintech brings about new risks for regulatory arbitrage and …
Persistent link: https://www.econbiz.de/10014278692
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Central Bank communication with the general public : promise or false hope?
Blinder, Alan S.; Ehrmann, Michael; Haan, Jakob de; … - 2022
Central banks are increasingly reaching out to the general public to motivate and explain their monetary policy actions. One major aim of this outreach is to guide inflation expectations; another is to ensure accountability and create trust. This article surveys a rapidly-growing literature on...
Persistent link: https://www.econbiz.de/10013329414
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Finance and carbon emissions
Haas, Ralph de; Popov, Alexander - 2019
We study the relation between the structure of nancial systems and carbon emissions in a large panel of countries and industries over the period 1990-2013. We find that for given levels of economic and financial development and environmental regulation, CO2 emissions per capita are lower in...
Persistent link: https://www.econbiz.de/10012104466
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Financial literacy and savings account returns
Deuflhard, Florian; Georgarakos, Dimitris; Inderst, Roman - 2015
Persistent link: https://www.econbiz.de/10011349804