The purpose of this paper is to develop an insight and review the effect of FinTech
development against the broader environment in financial technology. We further aim to …

Borrowing decisions affect most households, with large stakes and implications for research
subfields as varied as macroeconomics and industrial organization. I review theoretical and …

We develop a conceptual framework and an empirical methodology to analyze the effect of
rising interest rates on the value of US bank assets and bank stability. We mark-to-market …

Shadow bank market share in residential mortgage origination nearly doubled from 2007 to
2015, with particularly dramatic growth among online “fintech” lenders. We study how two …

We review the extensive literature on systemic risk and connect it to the current regulatory
debate. While we take stock of the achievements of this rapidly growing field, we identify a …

ABSTRACT I examine the effects of the US Greenhouse Gas (GHG) Reporting Program,
which requires thousands of industrial facilities to measure and report their GHG emissions. I …

Does institutional quality enhance or weaken the effect of bank regulations and supervision
on bank stability? We use a sample of around 1050 commercial banks from 69 emerging …

We document the importance of covenant violations in transmitting bank health to
nonfinancial firms. Roughly one‐third of loans in our supervisory data breach a covenant …

This paper exploits the federal preemption of national banks in 2004 from local laws against
predatory lending to gauge the effect of the supply of credit on the real economy. First, the …

We explore the impact of supervision on the riskiness, profitability, and growth of US banks.
Using data on supervisors' time use, we demonstrate that the top‐ranked banks by size …