边距(机器学习)
银行信贷
利润率
利率
业务
金融体系
信贷紧缩
经济
货币经济学
财务
机器学习
计算机科学
标识
DOI:10.1016/j.frl.2023.103685
摘要
Using data from 91 countries spanning 2013–2019, I show that the rise of alternative credit lines (fintech and big tech) can be robustly associated with decreasing profit margins in the banking sector. Results show that traditional banks may have responded defensively to the rising share of alternative credit lines, lowering lending rates and increasing deposit rates. The evidence is robust and remains significant even when countries with a larger share of alternative credit lines are taken out of the sample. The paper presents several promising avenues for future research.
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