As financial technologies shape the future of the financial world in ways most of us have never anticipated, insurers will need to keep up. Moreover, in the context of the European Green Agreement and the Global Green Agreement, financing will face a new challenge posed by the introduction of...

We study the effects of technological change on financial intermediation, distinguishing between innovations in information (data collection and processing) and communication (relationships and distribution). Both follow historical trends towards an increased use of hard information and less...

We study the effects of innovations in financial technology by banks on local competition for deposits and credit supply. To identify the causal effect of financial technology on deposits and lending, we exploit the geographic heterogeneity in human capital available to bank headquarters to...

Research shows that Black, Latinx, and other minorities pay more for credit and banking services, and that wealth accumulation differs starkly between their households and white households. The link between debt inequality and the wealth gap, however, remains less thoroughly explored,...

Recent advances in the field of artificial intelligence have revived long-standing debates about what happens when robots become smarter than humans. Will they destroy us? Will they put us all out of work? Will they lead to a world of techno-savvy haves and techno-ignorant have-nots? These...

Artificial intelligence (AI) and machine learning (ML) are having a transformative impact on the financial industry, with significant implications for credit risk management. Accurate predictions in credit risk help mitigate potential financial losses due to defaults. This not only strengthens...

This study investigates whether and how financial technologies (FinTech) influencethe effectiveness of monetary policy transmission. We examine regional-level FinTech adoption and use an interacted panel vector autoregression model to explore how the effects of monetary policy shocks change with...

This study investigates whether and how financial technologies (FinTech) influencethe 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...