| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15352 |
| DP15352 Finance and Technology: What is changing and what is not | |
| Stephen Cecchetti; Kim Schoenholtz | |
| 发表日期 | 2020-10-08 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | Technology has long had a profound impact on financial services. Today, it is changing the range of services offered, as well as their delivery, cost, and accessibility. Yet, despite the explosion of small firms applying new technologies, very few of these new fintech companies have a broad influence on financial activity. Even in some sectors with significant entry, unit costs of financial intermediation remain stubbornly high. At the same time, there are notable fintech successes, especially in the provision of payments and credit in China. Going forward, the impact of fintech is likely to be greatest where existing suppliers lack competitive incentives or sophistication. Over the next decade, the decisions of regulators will have a profound influence on the array of financial services available, on how they are delivered and to whom. In the advanced economies, regulators generally support greater fintech competition, favoring lower costs and improved access. Furthermore, as Big Tech firms and large incumbent financial institutions vie for dominance, their large fintech investments will make them increasingly alike. Over time, it is anyone’s guess which of these firm types will win the race. |
| 主题 | Financial Economics |
| 关键词 | Fintech Big tech Financial services Financial institutions Financial innovation Financial regulation Digital currency Central bank digital currency Remittances Peer-to-peer lending |
| URL | https://cepr.org/publications/dp15352 |
| 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/544333 |
| 推荐引用方式 GB/T 7714 | Stephen Cecchetti,Kim Schoenholtz. DP15352 Finance and Technology: What is changing and what is not. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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