We provide the first evidence of the effects of credit market regulations on the cost of bank loans. Using a sample of 3,706 banks in 154 countries over the period 2002-2020, we find robust evidence that the liberalisation of credit market regulations is associated with lower loan prices. The...

Consumer financial protection law is dominated by ex-ante, contract-centered regulatory measures. But these measures largely fail to curb lenders' incentive to lend beyond consumers' ability to repay. The Article thus suggests an alternative approach: discouraging lenders from extending loans...

This paper analyzes the herding behavior that characterizes lenders’ lending decisions on a microloan platform and explains how rational herding behavior can resolve the information-asymmetry problem, which is a well-known reason for the failure of online microloan platforms. Using a set of...

China is one of the pioneers in developing innovative models for credit business through a partnership between Fintech firms and traditional financial institutions such as banks. There are different business models of this Fintech-Bank partnership, a common feature being that in entering into...