The DOI matches its Crossref record; 40 of the 40 references it cites were found in a registry or an index.
The FinTech Opportunity
Open accessAbstract
This paper assesses the potential impact of FinTech on the finance industry, focusing on financial stability and access to services.I document first that financial services remain surprisingly expensive, which explains the emergence of new entrants.I then argue that the current regulatory approach is subject to significant political economy and coordination costs, and therefore unlikely to deliver much structural change.FinTech, on the other hand, can bring deep changes but is likely to create significant regulatory challenges.
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Cites
Liquidity Preference as Behavior Towards Risk
Tobin, J. (1958) · The Review of Economic Studies · doi:10.2307/2296205 · Cited by 3,890
Finance and Growth: Theory and Evidence
Levine, R. (2004) · National Bureau of Economic Research · doi:10.3386/w10766 · Cited by 3,545
Foundations of Economic Analysis
Ruist, E., & Samuelson, P. A. (1948) · Ekonomisk Tidskrift · doi:10.2307/3438190 · Cited by 2,965
Liquidity Risk, Liquidity Creation, and Financial Fragility: A Theory of Banking
Diamond, D. W., & Rajan, R. G. (2001) · Journal of Political Economy · doi:10.1086/319552 · Cited by 2,002
The Private and Social Value of Information and the Reward to Inventive Activity
HIRSHLEIFER, J. (1978) · Uncertainty in Economics · doi:10.1016/b978-0-12-214850-7.50038-3 · Cited by 1,571
Berger, A. N., Demsetz, R. S., & Strahan, P. E. (1999) · Journal of Banking & Finance · doi:10.1016/s0378-4266(98)00125-3 · Cited by 1,477
Banks as Liquidity Providers: An Explanation for the Coexistence of Lending and Deposit‐taking
Kashyap, A. K., Rajan, R., & Stein, J. C. (2002) · The Journal of Finance · doi:10.1111/1540-6261.00415 · Cited by 1,442
Corporate Governance and BlockchainsPreprint
Yermack, D. (2017) · SSRN Electronic Journal · doi:10.2139/ssrn.2700475 · Cited by 1,020
Output, Input and Productivity Measures at the Industry Level: The EU KLEMS Database
O’Mahony, M., & Timmer, M. P. (2009) · The Economic Journal · doi:10.1111/j.1468-0297.2009.02280.x · Cited by 863
Credit Booms Gone Bust: Monetary Policy, Leverage Cycles and Financial Crises, 1870-2008
Schularick, M., & Taylor, A. (2009) · National Bureau of Economic Research · doi:10.3386/w15512 · Cited by 697
Cited by
Blockchain without waste: Proof-of-stake
Saleh, F. (2021) · The Review of Financial Studies · doi:10.1093/rfs/hhaa075 · Cited by 825
Bollaert, H., Lopez-de-Silanes, F., & Schwienbacher, A. (2021) · Journal of Corporate Finance · doi:10.1016/j.jcorpfin.2021.101941 · Cited by 521
Riding the FinTech innovation wave: FinTech, patents and bank performance
Zhao, J., Li, X., Yu, C.-H., Chen, S., & Lee, C.-C. (2022) · Journal of International Money and Finance · doi:10.1016/j.jimonfin.2021.102552 · Cited by 428
Going digital: implications for firm value and performance
Chen, W., & Srinivasan, S. (2024) · Review of Accounting Studies · doi:10.1007/s11142-023-09753-0 · Cited by 412
Disruption of financial intermediation by FinTech: a review on crowdfunding and blockchain
Cai, C. W. (2018) · Accounting & Finance · doi:10.1111/acfi.12405 · Cited by 319
Metadata
- Authors
- Philippon, T.
- Venue
- National Bureau of Economic Research
- Publisher
- National Bureau of Economic Research
- Published
- 2016-08
- OpenAlex
- W2508676625
- Cited by
- 521
- References
- 40
- Type
- report
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.