Idiosyncratic Risk Down, Contagion Risk Up: FinTech and Macroprudential Limits

Idiosyncratic Risk Down, Contagion Risk Up: FinTech and Macroprudential Limits

Idiosyncratic Risk Down, Contagion Risk Up: FinTech and Macroprudential Limits

This paper examines how FinTech development affects banks’ systemic risk and the effectiveness of macroprudential regulation. Our analysis uses panel data on 184 Chinese commercial banks from 2014 to 2023. We construct a novel FinTech index using a machine-learning-based text-mining approach.

  • Use cases, geography and tags
  • Organizations that created, adopted or are mentioned
  • Ecosystem position
  • Link to the original asset
  • Comments and reactions