Chapter 1: Introduction and overview -- Chapter 2: Fiat money: History and features -- Chapter 3: Financial Technology sectors and business models -- Chapter 4: Cryptocurrency -- Chapter 5: Central bank digital currency -- Chapter 6: Neobanks -- Chapter 7: Digital currencies’ implications for...

In this paper, we investigate the impact of liquidity requirements on bank risk. We take advantage of the implementation of the Liquidity Balance Rule (LBR) in the Netherlands in 2003 and analyze its impact on bank default risk. The LBR was imposed on Dutch banks only and did not apply to other...

This study aims to investigate whether the presence of institutional investors in family-controlled banks impacts their performance and risk. Using detailed data on Indonesian banks from 2001 to 2008 and controlling for various factors, our results first show that family-controlled banks are...

This paper investigates the relationship between an individual’s saving and borrowing practices and his/her propensity to use fintech services. More particularly, we examine whether having multiple saving and borrowing channels increases a person’s likelihood to participate in online funding...

Using an innovative approach of following the downgrade or credit rating decisions by rating agencies, this paper develops an early-warning system of bank financial distress and critically evaluates the reliability and stability of the potential indicators or factors of banks in 13 emerging...

This paper examines the relationship between opacity and the cost of intermediation in Asian banks. Using a sample of publicly traded commercial banks from 2002 to 2008, our empirical results show that higher opacity is associated with a lower intermediation cost in banking. Hence, bank managers...

This paper investigates the relative importance of Islamic banks, alongside their conventional counterparts, impacting the banking and financial development and economic welfare. Using a sample of 22 Muslim countries, with dual-banking systems, during the 1999-2011, this paper reports some...

This paper examines whether Asian banks are still prone to moral hazard in the aftermath of the 1997 Asian crisis. Using a sample of commercial banks from 12 Asian countries during the 2001-2007 period,our empirical findings highlight that greater market power in the banking market results in...