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Titel
Technology adoption and the bank lending channel of monetary policy transmission / Iftekhar Hasan, Xiang Li
VerfasserHasan, Iftekhar ; Li, Xiang
ErschienenHalle (Saale), Germany : Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, [09. Dezember 2021]
Umfang1 Online-Ressource (III, 47 Seiten, A5, 2,54 MB) : Diagramme
SpracheEnglisch
SerieIWH-Diskussionspapiere ; 2021, no. 14 (December 2021)
Schlagwörterbank lending channel / monetary policy transmission / technology adoption
URNurn:nbn:de:gbv:3:2-144447 
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This paper studies whether and how banks‘ technology adoption affects the bank lending channel of monetary policy transmission. We construct a new measurement of bank-level technology adoption which can tell whether the technology is related to the bank‘s lending business and which specific technology is adopted. We find that lending-related technology adoption significantly strengthens the transmission of the bank lending channel meanwhile adopting technologies that are not related to lending activities significantly mitigates that. By technology categories the adoption of cloud computing technology displays the largest impact on strengthening the bank lending channel. Moreover higher exposure to BigTech competition is significantly associated with a weaker reaction to monetary policy shocks.