Annual Conference

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Blockchain and Cryptocurrency

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May 2021

Game Theoretic Protocols inspired by Blockchains

Elaine (Runting) SHI, Kai-Min CHUNG, T-H. Hubert CHAN, Ting WEN
Suppose that n players want to elect a random leader and they communicate by posting messages to a common broadcast channel. This problem is called leader election, and it is fundamental to the distributed systems and cryptography literature. Recently, it has attracted renewed interests due to its p...
Keywords: cryptographic protocols / game theory, leader election, multi-party computation, extractor, round complexity
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Annual Conference

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Specialty Conference, Senior Fellows/Fellows

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May 2019

Fintech and Credit Scoring for the Millennial Generation

Sumit AGARWAL, Pulak GHOSH, Shashwat ALOK, Sudip GUPTA
Using a unique and proprietary loan-level data from a large Fintech firm in India, we analyze whether unstructured data regarding a consumer’s digital mobile footprint such as the type of mobile phone applications, number of applications on the phone, type of operating software used by a loan appl...
Keywords: FinTech, Loans, Digital Footprint, Credit
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Annual Conference

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Specialty Conference

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May 2019

Financial Technology Adoption

Sean HIGGINS
Do coordination failures constrain financial technology adoption? Exploiting the Mexican government’s rollout of one million debit cards to poor households from 2009–2012, I examine responses on both sides of the market, and find important spillovers and distributional impacts. On the supply sid...
Keywords: Coordination failiures, financial technology, spillovers, Mexico
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Annual Conference

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Specialty Conference

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May 2021

Perceived Precautionary Savings Motives: Evidence from FinTech

Michael WEBER, Francesco DACUNTO, Thomas RAUTER, Christoph SCHEUCH
We study the spending response of first-time borrowers to an overdraft facility and elicit their preferences, beliefs, and motives through a FinTech application. Users increase their spending permanently, lower their savings rate, and reallocate spending from non-discretionary to discretionary goods...
Keywords: Digital Footprint, Beliefs, Bank Credit, Household Finance, Behavioral finance
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Annual Conference

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International Macroeconomics, Money & Banking

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May 2019

Disentangling the supply and demand factors of household credit in Malaysia - Evidence from the credit register

Jiaming SOH
This paper isolates the demand and supply factors of credit extension. We construct a new dataset that combines loan application information from the credit register with individuals’ income and banks’ balance sheet for the period 2014-2016. Using this dataset, we verify the importance of banks'...
Keywords: Supply factor, demand factor, household loan approval, credit register, funding ratio
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