Skip to main navigation Skip to main content
info(at)avldigital.remove-this.de
Deutsch English
Narrow Search
Search narrowed by
Last searches

Results for *

Displaying results 1 to 2 of 2.

  1. BigTech credit and monetary policy transmission
    micro-level evidence from China
    Author: Huang, Yiping; Li, Xiang; Qiu, Han; Yu, Changhua
    Published: 13 April 2023
    Publisher:  BOFIT, the Bank of Finland Institute for Emerging Economies, Helsinki

    This paper studies monetary policy transmission through BigTech and traditional banks. By comparing business loans made by a BigTech bank with those made by traditional banks, it finds that BigTech credit amplifies monetary policy transmission mainly... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 686
    Inter-library loan:
    No inter-library loan

     

    This paper studies monetary policy transmission through BigTech and traditional banks. By comparing business loans made 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 compared with conventional banks in response to expansionary monetary policy. The BigTech bank's advantages in information, monitoring, and risk management are the potential mechanisms. In addition, monetary policy has a stronger impact on the real economy through BigTech lending.

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789523234253
    Other identifier:
    hdl: 10419/271047
    Series: BOFIT discussion papers ; 2023, 2
    Subjects: Financial Technology; Bank Lending; Monetary Policy Transmission
    Scope: 1 Online-Ressource (circa 30 Seiten), Illustrationen
  2. Regional favoritism in access to credit
    just believe it
    Author: Osei-Tutu, Francis; Weill, Laurent
    Published: 21 March 2023
    Publisher:  BOFIT, the Bank of Finland Institute for Emerging Economies, Helsinki

    We examine the effect of regional favoritism on the access of firms to credit. Using firm-level data on a large sample of 29,000 firms covering 47 countries, we investigate the hypothesis that firms in the birth regions of national political leaders... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 686
    Inter-library loan:
    No inter-library loan

     

    We examine the effect of regional favoritism on the access of firms to credit. Using firm-level data on a large sample of 29,000 firms covering 47 countries, we investigate the hypothesis that firms in the birth regions of national political leaders have better access to credit. Our evidence suggests that firms located in birth regions of political leaders are less likely to be credit constrained. The effect takes place through the demand channel: firms in leader regions face fewer hurdles in applying for loans. We find no evidence, however, of preferential lending from banks to firms in leader regions. Thus, regional favoritism affects access to credit through differences in perceptions of firm managers, not deliberate changes in the allocation of resources by political leaders.

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789523234253
    Other identifier:
    hdl: 10419/270718
    Series: BOFIT discussion papers ; 2023, 1
    Subjects: regional favoritism; access to credit; borrower discouragement
    Scope: 1 Online-Ressource (circa 43 Seiten), Illustrationen