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Systemic risk arises when shocks lead to states where a disruption in financial intermediation adversely affects the economy and feeds back into further disrupting financial intermediation. We present a macroeconomic model with a financial intermediary sector subject to an equity capital...
Persistent link: https://www.econbiz.de/10011506753
Open banking facilitates data sharing consented by customers who generate the data, with a regulatory goal of promoting competition between traditional banks and challenger fintech entrants. We study lending market competition when sharing banks’ customer data enables better borrower screening...
Persistent link: https://www.econbiz.de/10013250068
Open banking facilitates data sharing consented by customers who generate the data, with a regulatory goal of promoting competition between traditional banks and challenger fintech entrants. We study lending market competition when sharing banks' customer data enables better borrower screening...
Persistent link: https://www.econbiz.de/10013250348
Systemic risk arises when shocks lead to states where a disruption in financial intermediation adversely affects the economy and feeds back into further disrupting financial intermediation. We present a macroeconomic model with a financial intermediary sector subject to an equity capital...
Persistent link: https://www.econbiz.de/10013099435
Systemic risk arises when shocks lead to states where a disruption in financial intermediation adversely affects the economy and feeds back into further disrupting financial intermediation. We present a macroeconomic model with a financial intermediary sector subject to an equity capital...
Persistent link: https://www.econbiz.de/10013059098
precision (quality), capturing the emerging trend in fintech/non-bank lending where traditionally subjective ("soft … similar data processing systems possess hard signals about the borrower's hard fundamentals, and the specialized bank, who … fundamentals. We show that hardening soft information levels the playing field for the non-specialized bank by reducing its winner …
Persistent link: https://www.econbiz.de/10015145092
Persistent link: https://www.econbiz.de/10010254380
Systemic risk arises when shocks lead to states where a disruption in financial intermediation adversely affects the economy and feeds back into further disrupting financial intermediation. We present a macroeconomic model with a financial intermediary sector subject to an equity capital...
Persistent link: https://www.econbiz.de/10010256389
Persistent link: https://www.econbiz.de/10009678263
Systemic risk arises when shocks lead to states where a disruption in financial intermediation adversely affects the economy and feeds back into further disrupting financial intermediation. We present a macroeconomic model with a financial intermediary sector subject to an equity capital...
Persistent link: https://www.econbiz.de/10011590535