This study investigates whether and how financial technologies (FinTech) influence the effectiveness of monetary policy transmission. We use an interacted panel vector autoregression model to explore how the effects of monetary policy shocks change with regional-level FinTech adoption. Results...

The recent wave of financial innovation that has followed the financial inclusion strategy adopted by the Reserve Bank of Zimbabwe in 2015 poses a serious challenge to the national payments system and the conduct of effective monetary policy in the country. Despite the resultant reduction in...

This study investigates whether and how financial technologies (FinTech) influence the effectiveness of monetary policy transmission. We use an interacted panel vector autoregression model to explore how the effects of monetary policy shocks change with regional-level FinTech adoption. Results...