Friend or foe: The divergent effects of FinTech on financial stability
Publication in refereed journal
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香港中文大學研究人員

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摘要Whether FinTech causes the fragility of financial institutions is a controversial issue. Using a panel sample of listed banks from 84 countries, we exploit the introduction of FinTech regulatory sandboxes as an exogenous shock and examine the heterogeneous effect of FinTech on the fragility of financial institutions. We find that (i) a shock to FinTech innovations has no net effect on the fragility of financial institutions when we ignore market characteristics, (ii) promoting FinTech decreases (increases) the fragility of financial institutions in emerging (developed) financial markets, and (iii) FinTech affects the fragility of financial institutions through the channel of profitability.
出版社接受日期13.08.2020
著者Derrick W.H. Fung, Wing Yan Lee, Jason J.H. Yeh, Fei Lung Yuen
期刊名稱Emerging Markets Review
詳細描述https://www.sciencedirect.com/science/article/pii/S1566014120301072
出版年份2020
國際標準期刊號1566-0141
語言美式英語
關鍵詞FinTech, Financial stability, Sandboxes, Emerging financial market, Developed financial market

上次更新時間 2021-09-01 於 23:50