Huang, Yiping; Li, Xiang; Qiu, Han; Yu, Changhua - Leibniz-Institut für Wirtschaftsforschung Halle - 2023 - This version: 31.01.2023
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,...