Chapter One New Thinking on Dangerous Situation—A Great Power in the Transformation -- Chapter Two Uncover the Truth—Ecosystem of Internet Finance -- Chapter Three Vanguard of Internet Finance—Third-party Payment -- Chapter Four An Initial Attempt—Roller-coaster Online Financial...

Constructing a novel micro-geographic individual-level data set, we study the relevance of shoe-leather costs on cash withdrawals. An unexplored issue in the literature is the consistent estimation of the marginal effect of travel distance on withdrawals when a fraction of unobserved withdrawals...

Mobile banking is growing at a remarkable speed around the world. In the process it is creating considerable uncertainty about the appropriate regulatory response to this newly emerging service. This paper sets out a framework for considering the design of regulation of mobile banking. Since it...

We examine how the development of the digital infrastructure known as the 'India Stack'-including an interoperable payments system, a universal digital ID, and other features-is delivering on the government's objective to expand the provision of financial services. While each individual...

"This book summarizes recent Chinese discussions about Internet finance—a new financial business type resulting from an innovative thinking under the new normal—in the light of the actual situation of China in transformation, especially the thirst of the grass-roots economy including...