Specialty Conference

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Specialty Conference

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Jan 2017

Regulating China's Peer to Peer Lending Market: The Role of Information Disclosure

Bihong HUANG, Xiao CHEN, Dezhu YE
Sharing economy is an umbrella term that encompasses a wide range of digital platform-based activities that includes P2P lending and other forms of internet-based lending. The core aim of the sharing economy is to leverage the utilization of idle capacity. P2P lending can not only be used to leverag...
Keywords: Sharing economy, P2P lending, Financial regulation, Financial democracy
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Specialty Conference

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Specialty Conference

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Jan 2017

Regulating Capital Flows at Both Ends: Does it Work?

Atish R. GHOSH, Mahvash S. QURESHI, Naotaka SUGAWARA
This paper examines whether cross-border capital flows can be regulated by imposing capital account restrictions (CARs) in both source and recipient countries, as was originally advocated by John Maynard Keynes and Harry Dexter White. To this end, we use data on bilateral cross-border bank flows fro...
Keywords: cross-boder bank flows, capital controls, prudential measures
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Webinar Series

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Innovation, Productivity and Challenges in the Digital Era: Asia and Beyond

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Nov 2022

RegTech

Ben CHAROENWONG, Alan KWAN, Zachary T. KOWALESKI, Andrew G. SUTHERLAND
Compliance-driven investments in technology—or “RegTech”—have grown rapidly in recent years. To understand these investments, we study how financial institutions respond to new internal control requirements. First, we show that affected firms make significant investments in enterprise resour...
Keywords: RegTech, FinTech, technology adoption, financial regulation, compliance, internal controls, compleme
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Annual Conference

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Corporate Finance

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May 2018

Regional social capital and moral hazard in crowdfunding

Vesa PURSIAINEN, Tse-Chun LIN
We find a strong positive relationship between entrepreneurs' home-county social capital and their crowdfunding performance on Kickstarter. We exploit a quasi-experiment based on a Kickstarter rule change that strengthens entrepreneurs' obligation to provide backers with the promised rewards and fin...
Keywords: Crowdfunding, Social capital, trust, Kickstarter, Moral Hazard
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Webinar Series

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Innovation, Productivity and Challenges in the Digital Era: Asia and Beyond

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Apr 2023

Reducing Racial Disparities in Consumer Credit: Evidence from Anonymous Loan Applications

Tianyue RUAN, Poorya KABIR
Using a unique experiment of anonymizing online loan applications, we find that anonymous loan applications reduce racial disparities in access to credit. With names on applications, ethnic minority applicants are 10.6% less likely to receive online loan offers than otherwise identical ethnic majori...
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