Surveys on the link between financial markets and economic growth routinely cite scores of
distinct papers, 1 and yet the abundance of both theoretical and empirical research on the …

This paper assess the potential impact of Fintech on the banking industry. Results suggest
that, for commercial banks, development of Fintech leads to increased profitability, financial …

This paper assesses the potential impact of FinTech on the finance industry, focusing on
financial stability and access to services. I document first that financial services remain …

This study provides new evidence on the relationship between finance and economic
growth using an innovative dynamic panel threshold technique. The sample consists of 87 …

Marketplace lending relies on screening and information production by investors, a major
deviation from the traditional banking paradigm. Theoretically, the participation of …

Academics' view of the benefits of finance vastly exceeds societal perception. This
dissonance is at least partly explained by an underappreciation by academia of how, without …

A quantitative investigation of financial intermediation in the United States over the past 130
years yields the following results:(i) the finance industry's share of gross domestic product …

Financial systems all over the world have grown dramatically over recent decades. But is
more finance necessarily better? And what concept of financial system–a focus on its size …

The finance industry has grown, financial markets have become more liquid, information
technology has been revolutionized. But have financial market prices become more …

This paper evaluates the interdependence between financial development and real sector
output and the effect on economic growth. Using panel data for 101 developed and …