NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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The FinTech Opportunity

Thomas Philippon

NBER Working Paper No. 22476
Issued in August 2016

---- Acknowledgments ----

This paper was prepared for the 2016 Annual Conference of the BIS. I am grateful to my discussants Martin Hellwig and Ross Levine, and to Kim Schoenholtz, Anat Admati, Stephen Cecchetti, François Véron, Nathalie Beaudemoulin, Stefan Ingves, Raghu Rajan, Viral Acharya, Philipp Schnabl, Bruce Tuckman, and Sabrina Howell for stimulating discussions and/or comments on early drafts. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.

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