Fintech vs bank credit: How do they react to monetary policy?

12 months ago 56

Giulio Cornelli, Fiorella De Fiore, Leonardo Gambacorta and Cristina Manea in this BIS paper: Fintech credit, which includes peer-to-peer and marketplace lending as well as lending facilitated by major technology firms, is witnessing rapid growth worldwide. However, its responsiveness to monetary policy shifts...

Giulio Cornelli, Fiorella De Fiore, Leonardo Gambacorta and Cristina Manea in this BIS paper: Fintech credit, which includes peer-to-peer and marketplace lending as well as lending facilitated by major technology firms, is witnessing rapid growth worldwide. However, its responsiveness to monetary policy shifts remains largely unexplored. This study employs a novel credit dataset spanning 19 countries from 2005 to […]


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