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Titel
BigTech credit and monetary policy transmission : micro-level evidence from China / Yiping Huang, Xiang Li, Han Qiu, Changhua Yu
VerfasserHuang, Yiping ; Li, Xiang ; Qiu, Han ; Yu, Changhua
KörperschaftLeibniz-Institut für Wirtschaftsforschung Halle
ErschienenHalle (Saale), Germany : Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, [2023?]
Ausgabe
This version: 31.01.2023
Umfang1 Online-Ressource (III, 39 Seiten, Seite A1-A4, 0,88 MB) : Diagramme
Anmerkung
Literaturverzeichnis: Seite 32-39
SpracheEnglisch
SerieIWH-Diskussionspapiere ; 2022, no. 18 [rev.]
URNurn:nbn:de:gbv:3:2-937452 
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BigTech credit and monetary policy transmission [0.88 mb]
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This paper studies monetary policy transmission through BigTech and traditional banks. By comparing business loans made by a BigTech bank with those made by traditional banks it finds that BigTech credit amplifies monetary policy transmission mainly through the extensive margin. Specifically the BigTech bank is more likely to grant credit to new borrowers compared with conventional banks in response to expansionary monetary policy. The BigTech bank‘s advantages in information monitoring and risk management are the potential mechanisms. In addition monetary policy has a stronger impact on the real economy through BigTech lending.