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Thakor, Richard T.; Merton, Robert C. - 2018

competitive interactions between banks and non-bank lenders (fintech firms). Trust enables lenders to have assured access to … the erosion of trust when fintech lenders do not. Trust is also asymmetric in nature — it is more difficult to gain it …

Persistent link: https://www.econbiz.de/10011942332

Asymmetric co-integration and causality effects between financial development and economic growth in South Africa

Phiri, Andrew - Volkswirtschaftliche Fakultät, … - 2014

This paper investigates asymmetric co-integration and causality effects between financial development and economic growth for South African data spanning over the period of 1992 to 2013. To this end, we make use of the momentum threshold autoregressive (MTAR) approach which allows for threshold...

Persistent link: https://www.econbiz.de/10011114150

COVID-19, digital transactions, and economic activities : puzzling nexus of wealth enhancement, trade, and financial technology

Khan, Muhammad Ayub Mehar - 2021

that the COVID-19 pandemic and the use of fintech have affected these Asian countries in a similar way. These conclusions …

Persistent link: https://www.econbiz.de/10012795645

Banks' physical footprint and financial technology adoption

Argentieri Mariani, Lucas; Ornelas, José Renato Haas; … - 2023

We investigate how the presence of physical bank branches moderates financial technology diffusion. Our identification strategy uses services suspensions caused by criminal groups that perform hit-and-run raids exploding branch facilities and rendering them inoperable for months. We show that...

Persistent link: https://www.econbiz.de/10014460787

Cashless Payment and Financial Inclusion

Ouyang, Shumiao - 2021

This paper evaluates the impact of mobile cashless payment on credit provision to the underprivileged. Using a representative sample of Alipay users that contained detailed information about their activities in consumption, credit, investment, and digital footprints, I exploit a natural...

Persistent link: https://www.econbiz.de/10013323502

The Logic and Limits of the Federal Reserve Act

Menand, Lev - 2022

Over the past fourteen years, the U.S. Federal Reserve has rescued overleveraged financial companies, purchased trillions of dollars of mortgage-backed securities, and created novel facilities to support ordinary businesses, nonprofits, and local governments. While some argue that the Fed has...

Persistent link: https://www.econbiz.de/10013301921

Distributed ledger technologies in securities post-trading - Revolution or evolution?

Pinna, Andrea; Ruttenberg, Wiebe - 2016

Over the last decade, information technology has contributed significantly to the evolution of financial markets, without, however, revolutionising the way in which financial institutions interact with one another. This may be about to change, as some market players are now predicting that new...

Persistent link: https://www.econbiz.de/10011606324

Technological change and financial innovation in banking: Some implications for fintech

Frame, W. Scott; Wall, Larry D.; White, Lawrence J. - 2018

include examples of significant fintech innovations that are transforming various aspects of banking. Drawing on the …

Persistent link: https://www.econbiz.de/10012030277

Fintech Revolution in the Financial Industry

Martinčević, Ivana; Črnjević, Sandra; Klopotan, Igor - 2020

Today, businesses operate in a highly dynamic and highly volatile market that requires timely and accurate responses. It is precisely the modern and dynamic financial environment that puts many challenges in front of the business of the company, confronts them with the advancement of modern...

Persistent link: https://www.econbiz.de/10012288799

The real effects of FinTech lending on SMEs: Evidence from loan applications

Eça, Afonso; Ferreira, Miguel A.; Prado, Melissa Porras; … - 2022

We show that FinTech lending affects credit markets and real economic activity using a unique data set of a Peer …-to-Business platform for which we have the universe of loan applications. We find that FinTech serves high quality and creditworthy small … businesses who already have access to bank credit. Firms use FinTech to obtain long-term unsecured loans and reduce their …

Persistent link: https://www.econbiz.de/10013272130