transmission. We first provide a theoretical model in which banks' technological innovation relaxes firms’ earning-based borrowing … construct a patent-based measurement of bank-level technological innovation, which can specify the nature of technology and tell …

by a BigTech bank with those made by traditional banks, it finds that BigTech credit amplifies monetary policy … transmission mainly through the extensive margin. Specifically, the BigTech bank is more likely to grant credit to new borrowers …

bank grants credit to more new borrowers compared with conventional banks in response to expansionary monetary policy. The … changes in monetary policy. Overall, BigTech credit amplifies monetary policy transmission mainly through the extensive margin …

channel, however, is weakened by frictions in the mortgage market. The rapid growth of financial technology-based (FinTech … establishes that the role of FinTech lending in the monetary policy transmission is further amplified by consumers’ social … pp increase in the FinTech market share in a county’s socially connected markets raises the county’s FinTech market share …

channel, however, is weakened by frictions in the mortgage market. The rapid growth of financial technology-based (FinTech … establishes that the role of FinTech lending in the monetary policy transmission is further amplified by consumers’ social … pp increase in the FinTech market share in a county’s socially connected markets raises the county’s FinTech market share …

This study investigates whether and how FinTech influences retail banking and the effectiveness of monetary policy … transmission, with a focus on the competition between FinTech companies and banks in the deposit market. Using proprietary data … from a leading Chinese FinTech company, we study a money market fund with deposit-like features, available through a widely …

We show that nonbanks (funds, shadow banks, fintech) affect the transmission of monetary policy to output, prices and … the distribution of risk via credit supply. For identification, we exploit exhaustive US loan-level data since the 1990s …, borrowerlender relationships and Gertler-Karadi monetary policy shocks. Higher policy rates shift credit supply from banks to …