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) around the globe, with the focus on alternative finance—financing from all the non-market, non-bank external sources. We …-growing economies. We compare market and bank finance with alternative finance, along with the supporting mechanisms such as legal and …
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We study the personal loan segment of the consumer credit market using individual loan-level data covering fintech, non-banking financial companies, and traditional banks as lenders. We show that fintech lenders dominate the small-ticket loan and provide stiff competition to non-banking...
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We build a financial intermediation model wherein bank and fintech intermediaries differ in their enforcement …, and (iii) bank-fintech partnerships. Fintech disruption enhances market competition and facilitates credit intermediation … to previously underserved borrowers, but crowds out bank-captive borrowers as banks experience low profitability and get …
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Die vorherrschende geldtheoretische Schule in Deutschland erklärt die Geldmenge als Produkt aus Basisgeldmenge und Multiplikator, wobei die Basisgeldmenge als exogen, d.h. von der Zentralbank fixiert angesehen wird. Vathjes Arbeit stellt eine grundlegende theoretisch und empirisch fundierte...
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