of the market, benefits and risks faced by market participants, and its regulation in leading jurisdictions. This … provide tools intended to help lenders manage their credit risks. It then argues that regulation should be modified to better …

Globally, the regulation of P2P lending has evolved significantly in recent years, with mostly beneficial effects on …, investors have no incentive to distinguish among risk categories. In several countries, notably the People's Republic of China …, P2P platforms have engaged in fraudulent behavior and Ponzi-like schemes. On the other hand, stringent regulation in the …

States has been reactive, requiring platforms to fully comply with the extant securities regulation, while China, though … ineffective means to address the regulatory dilemma between prudential regulation and financial competition and innovation. This …

We study the impact of loan-to-value regulation on supply and demand for unregulated debt that is used for home … acquisition. In our setting, part of the dwelling price is in the form of pre-existing debt exempt from the regulation. Variations … in the latter prior to the LTV regulation generated exogenous variation in the regulatory requirements across buildings …

We investigate the influence of financial and political factors on peer-to-peer (P2P) platform failures in China …

, one of the largest P2P lending platforms in the People’s Republic of China, we investigate how the amount of punctuation …

-to-peer (P2P) platforms in China, we identify two types of failures, bankruptcy, and run off with investors' money. The Competing …