| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15004 |
| DP15004 Financial Intermediation and Technology: What’s Old, What’s New? | |
| Arnoud Boot; Peter Hoffmann; Luc Laeven; Lev Ratnovski | |
| 发表日期 | 2020-07-06 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We study the effects of technological change on financial intermediation, distinguishing between innovations in information (data collection and processing) and communication (relationships and distribution). Both follow historic trends towards an increased use of hard information and less in-person interaction, which are accelerating rapidly. We point to more recent innovations, such as the combination of data abundance and artificial intelligence, and the rise of digital platforms. We argue that in particular the rise of new communication channels can lead to the vertical and horizontal disintegration of the traditional bank business model. Specialized providers of financial services can chip away activities that do not rely on access to balance sheets, while platforms can interject themselves between banks and customers. We discuss limitations to these challenges, and the resulting policy implications. |
| 主题 | Financial Economics |
| 关键词 | Financial intermediation Financial innovation Fintech Information Communication |
| URL | https://cepr.org/publications/dp15004 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/543953 |
| 推荐引用方式 GB/T 7714 | Arnoud Boot,Peter Hoffmann,Luc Laeven,等. DP15004 Financial Intermediation and Technology: What’s Old, What’s New?. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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