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The emergence of consumer credit issued on E-commerce platforms poses a new challenge for financial regulators. In the … lens of a stylized model, this paper analyzes E-commerce consumer credit's economics and welfare implications. It … consumer credit by regular banks, E-commerce platforms are tempted to provide more credit to exploit the economy of scope …
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strengthens in-person, bank-based borrowing and informal borrowing, reducing the demand for impersonal online lending. Both of …
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