Financial technologies and the effectiveness of monetary policy transmission / Iftekhar Hasan, Boreum Kwak, Xiang Li

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cbs.date.changed2023-08-28
cbs.date.creation2023-04-03
cbs.picatypeOa
cbs.publication.displayformHalle (Saale), Germany : Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, [2023?]
dc.contributor.authorHasan, Iftekhar
dc.contributor.authorKwak, Boreum
dc.contributor.authorLi, Xiang
dc.contributor.otherLeibniz-Institut für Wirtschaftsforschung Halle
dc.date.accessioned2025-05-30T21:37:03Z
dc.date.issued2023
dc.description.abstractThis study investigates whether and how financial technologies (FinTech) influence the effectiveness of monetary policy transmission. We use an interacted panel vector autoregression model to explore how the effects of monetary policy shocks change with regional-level FinTech adoption. Results indicate that FinTech adoption generally mitigates monetary policy transmission to real GDP, consumer prices, bank loans, and housing prices, with the weakened transmission to bank loan growth being the most pronounced. The relaxed financial constraint, regulatory arbitrage, and intensified competition are the possible mechanisms underlying the mitigated transmission.de
dc.format.extent1 Online-Ressource (III, 50, A11 Seiten, 2,15 MB) : Diagramme
dc.genrebook
dc.identifier.otherkxp: 1841061409
dc.identifier.ppn1841061409
dc.identifier.urihttps://epflicht.bibliothek.uni-halle.de/handle/123456789/12607
dc.identifier.urnurn:nbn:de:gbv:3:2-953124
dc.identifier.vl-id3262789
dc.language.isoeng
dc.publisherHalle Institute for Economic Research (IWH) - Member of the Leibniz Association
dc.relation.ispartofseriesIWH-Diskussionspapiere ; 2020, no. 26 (December 2020) [rev.] ppn:837399270
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/
dc.subjectmonetary policy
dc.subjectfinancial technology
dc.subjectinteracted panel VAR
dc.subject.ddc330
dc.titleFinancial technologies and the effectiveness of monetary policy transmission / Iftekhar Hasan, Boreum Kwak, Xiang Li
dc.typeBook
dspace.entity.typeMonograph
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local.openaccesstrue
local.publication.editionThis version: April 3, 2023

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Financial technologies and the effectiveness of monetary policy transmission
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