NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
loading...

The FinTech Opportunity

Thomas Philippon

NBER Working Paper No. 22476
Issued in August 2016
NBER Program(s):Asset Pricing, Corporate Finance, Economic Fluctuations and Growth

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 surprisingly expensive, which explains the emergence of new entrants. I then argue that the current regulatory approach is subject to significant political economy and coordination costs, and therefore unlikely to deliver much structural change. FinTech, on the other hand, can bring deep changes but is likely to create significant regulatory challenges.

download in pdf format
   (418 K)

email paper

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w22476

Users who downloaded this paper also downloaded* these:
Kaplan and Lerner w22500 Venture Capital Data: Opportunities and Challenges
Yermack w19747 Is Bitcoin a Real Currency? An economic appraisal
Cochrane w22485 Macro-Finance
Rysman and Schuh w22358 New Innovations in Payments
Raskin and Yermack w22238 Digital Currencies, Decentralized Ledgers, and the Future of Central Banking
 
Publications
Activities
Meetings
NBER Videos
Themes
Data
People
About

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us