Webinar Series

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Capital Market Development: China and Asia

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Oct 2021

FinTech as a Financial Liberator

Greg BUCHAK, Jiayin HU, Shang-Jin WEI
A binding interest rate cap on household savings is a common form of financial repression in developing economies and typically benefits banks. Using proprietary data from a leading Chinese FinTech company, we study Fintech's role in ending financial repression in China through the introduction of a...
Keywords: FinTech, bank deposits, money market fund, financial repression, interest rate liberalization
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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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Household Finance, Senior Fellows/Fellows, Capital Market Development: China and Asia

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May 2022

FinTech Adoption and Household Risk-Taking

Claire Yurong HONG, Xiaomeng LU, Jun PAN
Using a unique FinTech data containing monthly individual-level consumption, investments, and payments, we examine how FinTech can lower investment barriers and improve risk-taking. Seizing on the rapid expansion of offline usages of Alipay in China, we measure individuals’ FinTech adoption by the...
Keywords: FinTech, Digital Payment, Financial Inclusion, Consumption, Risk Taking
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Annual Conference

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Investment Finance

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May 2019

Financialization and Commodity Market Serial Dependence

Yubo TAO, Zhi DA, Ke TANG
Recent financialization in the commodity market makes it easier for institutional investors to trade a portfolio of commodities via various commodity index products. Using news-based sentiment measures, we find that such trading can propagate non-fundamental shocks from some commodities to others in...
Keywords: Zhi Da (University of Notre Dame), Yubo Tao (Singapore Management University), Ke Tang (Tsinghua University)
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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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