| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w29448 |
| 来源ID | Working Paper 29448 |
| FinTech as a Financial Liberator | |
| Greg Buchak; Jiayin Hu; Shang-Jin Wei | |
| 发表日期 | 2021-11-08 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | 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 money market fund with deposit-like features available through an already widely-adopted household payment platform. Cities and banks whose depositor base is more exposed to FinTech see greater deposit outflows. Importantly, exposed banks respond to FinTech competition by offering competing products with market interest rates. FinTech thus facilitates a bottom-up interest rate liberalization. |
| 主题 | Macroeconomics ; Consumption and Investment ; Money and Interest Rates ; Monetary Policy ; Financial Economics ; Financial Institutions |
| URL | https://www.nber.org/papers/w29448 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/587122 |
| 推荐引用方式 GB/T 7714 | Greg Buchak,Jiayin Hu,Shang-Jin Wei. FinTech as a Financial Liberator. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w29448.pdf（614KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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