Hasan, IftekharKwak, BoreumLi, XiangLeibniz-Institut für Wirtschaftsforschung Halle2025-05-302023kxp: 1858121361https://epflicht.bibliothek.uni-halle.de/handle/123456789/129671858121361urn:nbn:de:gbv:3:2-9822193270503This 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 concerning regional-level FinTech adoption. Results indicate that FinTech adoption generally mitigates the transmission of monetary policy to real GDP, consumer prices, bank loans, and housing prices, with the most significant impact observed in the weakened transmission to bank loan growth. The relaxed financial constraints, regulatory arbitrage, and intensified competition are the possible mechanisms underlying the mitigated transmission.1 Online-Ressource (III, 51, A18 Seiten, 2,28 MB) : Diagrammeenghttp://rightsstatements.org/vocab/InC/1.0/330Book