Increasing differences between firms: market power and the macroeconomy / John Van Reenen -- Understanding weak capital investment: the role of market concentration and intangibles / Nicolas Crouzet, Janice C. Eberly -- Panel on changing market structure and implications for monetary policy /...

A new wave of technological innovations, often called 'fintech,' is accelerating change in the financial sector. What impact might fintech have on financial services, and how should regulation respond? This paper sets out an economic framework for thinking through the channels by which fintech...