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- Publisher Website: 10.1017/S0022109021000430
- Scopus: eid_2-s2.0-85110570393
- WOS: WOS:000719796600004
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Article: Shadow Banking in a Crisis: Evidence from Fintech during COVID-19
Title | Shadow Banking in a Crisis: Evidence from Fintech during COVID-19 |
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Authors | |
Issue Date | 2021 |
Citation | Journal of Financial and Quantitative Analysis, 2021, v. 56, n. 7, p. 2320-2355 How to Cite? |
Abstract | We analyze lending by traditional as well as fintech lenders during COVID-19. Comparing samples of fintech and bank loan records across the outbreak, we find that fintech companies are more likely to expand credit access to new and financially constrained borrowers after the start of the pandemic. However, this increased credit provision may not be sustainable; the delinquency rate of fintech loans triples after the outbreak, but there is no significant change in the delinquency of bank loans. Borrowers holding both loan types prioritize the payment of bank loans. These results shed light on the benefits provided by shadow banking in a crisis and hint at the potential fragility of such institutions when delinquency rates spike. |
Persistent Identifier | http://hdl.handle.net/10722/322057 |
ISSN | 2023 Impact Factor: 3.7 2023 SCImago Journal Rankings: 3.980 |
ISI Accession Number ID |
DC Field | Value | Language |
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dc.contributor.author | Bao, Zhengyang | - |
dc.contributor.author | Huang, Difang | - |
dc.date.accessioned | 2022-11-03T02:23:18Z | - |
dc.date.available | 2022-11-03T02:23:18Z | - |
dc.date.issued | 2021 | - |
dc.identifier.citation | Journal of Financial and Quantitative Analysis, 2021, v. 56, n. 7, p. 2320-2355 | - |
dc.identifier.issn | 0022-1090 | - |
dc.identifier.uri | http://hdl.handle.net/10722/322057 | - |
dc.description.abstract | We analyze lending by traditional as well as fintech lenders during COVID-19. Comparing samples of fintech and bank loan records across the outbreak, we find that fintech companies are more likely to expand credit access to new and financially constrained borrowers after the start of the pandemic. However, this increased credit provision may not be sustainable; the delinquency rate of fintech loans triples after the outbreak, but there is no significant change in the delinquency of bank loans. Borrowers holding both loan types prioritize the payment of bank loans. These results shed light on the benefits provided by shadow banking in a crisis and hint at the potential fragility of such institutions when delinquency rates spike. | - |
dc.language | eng | - |
dc.relation.ispartof | Journal of Financial and Quantitative Analysis | - |
dc.title | Shadow Banking in a Crisis: Evidence from Fintech during COVID-19 | - |
dc.type | Article | - |
dc.description.nature | link_to_subscribed_fulltext | - |
dc.identifier.doi | 10.1017/S0022109021000430 | - |
dc.identifier.scopus | eid_2-s2.0-85110570393 | - |
dc.identifier.volume | 56 | - |
dc.identifier.issue | 7 | - |
dc.identifier.spage | 2320 | - |
dc.identifier.epage | 2355 | - |
dc.identifier.eissn | 1756-6916 | - |
dc.identifier.isi | WOS:000719796600004 | - |