Technology adoption and the bank lending channel of monetary policy transmission / Iftekhar Hasan, Xiang Li
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178092285X
URN
urn:nbn:de:gbv:3:2-144447
DOI
ISBN
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Autorin / Autor
Beiträger
Körperschaft
Erschienen
Halle (Saale), Germany : Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, [09. Dezember 2021]
Umfang
1 Online-Ressource (III, 47 Seiten, A5, 2,54 MB) : Diagramme
Ausgabevermerk
Sprache
eng
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Inhaltliche Zusammenfassung
This paper studies whether and how banks‘ technology adoption affects the bank lending channel of monetary policy transmission. We construct a new measurement of bank-level technology adoption, which can tell whether the technology is related to the bank‘s lending business and which specific technology is adopted. We find that lending-related technology adoption significantly strengthens the transmission of the bank lending channel, meanwhile, adopting technologies that are not related to lending activities significantly mitigates that. By technology categories, the adoption of cloud computing technology displays the largest impact on strengthening the bank lending channel. Moreover, higher exposure to BigTech competition is significantly associated with a weaker reaction to monetary policy shocks.
Schriftenreihe
IWH-Diskussionspapiere ; 2021, no. 14 (December 2021) ppn:837399270