Financial cooperatives play an important role in the financial systems of many countries.
They act as a safe haven for deposits and are major sources of credit for households and …

Can peer-to-peer lending (P2P) disintermediate and mitigate information frictions in lending
so that choices and outcomes for at least some borrowers and investors are improved? I …

内容提要: 各种形式的非正规金融在发展中国家和地区广泛存在. 本文认为, 由于中小企业信息
不透明, 且常常不能提供充分的担保或抵押, 正规金融机构难以有效克服信息不对称造成的逆向 …

内容提要: 处于一定发展阶段的经济体的要素禀赋结构决定了该经济体的最优产业结构,
具有自生能力的企业的规模特征和风险特性, 从而形成对金融服务的特定需求. 另一方面 …

The financial technologies (FinTech) revolution is in full swing globally. In this paper, we
review the burgeoning literature on FinTech and FinTech-enabled services, focusing on the …

We study the effects of technological change on financial intermediation, distinguishing
between innovations in information (data collection and processing) and communication …

We use supervisory loan-level data to document that small firms (SMEs) obtain shorter
maturity credit lines than large firms, post more collateral, have higher utilization rates, and …

Purpose This study aims to focus on a particular type of intra-organizational knowledge
sharing that is referred to as peer knowledge sharing. This paper examines how peer …

Abstract Technology-based (“FinTech”) lenders increased their market share of US
mortgage lending from 2% to 8% from 2010 to 2016. Using loan-level data on mortgage …

Fintech has been playing an increasing role in shaping financial and banking landscapes. In
this paper, we use account-level data from LendingClub and Y-14M data reported by US …