subprime home mortgage market, a market that owed its existence to private-label securitization. The pre-crisis boom in private … label mortgage-backed securities could never have happened, however, without financing from an array of structured products … mortgage credit risk and transmitted it into the financial system's vulnerable nodes.The post-crisis regulation has proceeded …

How does competition affect innovation in the banking industry? We use the 1994 Riegle-Neal Interstate Banking and … Branching Efficiency Act as a major exogenous shock on U.S. banking industry competition and study its impact on innovation … measure of innovation unlocks the doors to investigations into the relation between competition and innovation in the banking …

We exploit the deregulation of interstate bank branching laws to test whether banking competition affects innovation …. We find robust evidence that banking competition reduces state-level innovation by public corporations headquartered … limited access to credit from local banks. We argue that banking competition enables small, innovative firms to secure …

. The role of a regulatory sandbox in nurturing and expanding competition suggests a public interest role in the interests … regulatory distortions that affect competition in FinTech markets …

borrowing and lending in the future, but technology has been reshaping consumer and mortgage lending for many years. During the … 1990s, computerization allowed mortgage lenders to reduce loanprocessing times and largely replace human-based assessments … housing boom was an endogenous response to widespread expectations of higher future house prices, as average mortgage sizes …