BigTech credit and monetary policy transmission : micro-level evidence from China / Yiping Huang, Xiang Li, Han Qiu, Changhua Yu
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Discovery
1833062752
URN
urn:nbn:de:gbv:3:2-937452
DOI
ISBN
ISSN
Autorin / Autor
Beiträger
Körperschaft
Erschienen
Halle (Saale), Germany : Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, [2023?]
Umfang
1 Online-Ressource (III, 39 Seiten, Seite A1-A4, 0,88 MB) : Diagramme
Ausgabevermerk
This version: 31.01.2023
Sprache
eng
Anmerkungen
Literaturverzeichnis: Seite 32-39
Inhaltliche Zusammenfassung
This paper studies monetary policy transmission through BigTech and traditional banks. By comparing business loans made by a BigTech bank with those made by traditional banks, it finds that BigTech credit amplifies monetary policy transmission mainly through the extensive margin. Specifically, the BigTech bank is more likely to grant credit to new borrowers compared with conventional banks in response to expansionary monetary policy. The BigTech bank‘s advantages in information, monitoring, and risk management are the potential mechanisms. In addition, monetary policy has a stronger impact on the real economy through BigTech lending.
Schriftenreihe
IWH-Diskussionspapiere ; 2022, no. 18 [rev.] ppn:837399270