I study how financial technology reshapes competition among banks. I exploit quasi-random
variation in exposure to the introduction of Brazil's Pix, an instant payment system, and show …

Using Swedish administrative panel data, we document that workers facing higher left‐tail
income risk when equity markets perform poorly have lower portfolio equity share. In line …

Financial intermediaries have a special role in deposit and credit markets. This dissertation
presents three essays exploring the relationship between banks, financial technology …