Fintech and the digital transformation of financial services: implications for market structure and public policy

Fintech and the digital transformation of financial services: implications for market structure and public policy

Fintech and the digital transformation of financial services: implications for market structure and public policy

BIS Papers | No 117 | 13 July 2021by Erik Feyen, Jon Frost, Leonardo Gambacorta, Harish Natarajan and Matthew SaalPDF full text (2,713kb) | 64 pagesEconomic frictions such as information asymmetries and economic forces such as economies of scale and scope give rise to financial intermediaries. These frictions and forces also shape market structure.

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