Big techs and the credit channel of monetary policy

Big techs and the credit channel of monetary policy

Big techs and the credit channel of monetary policy

BIS Working Papers | No 1088 | 06 April 2023by Fiorella De Fiore, Leonardo Gambacorta and Cristina ManeaPDF full text (1,610kb) | 44 pagesSummaryFocus Big techs are lending to small and medium-sized enterprises and vendors on their e-commerce platforms, thus encroaching on financial markets. These changes in financial intermediation could affect monetary policy transmission in at least two ways.

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