Impact of Digital Technology on Traditional Banking: A Case From the Credit Market in the European Union

IF 1.7 4区经济学 Q3 DEVELOPMENT STUDIES

Journal of International Development Pub Date : 2024-11-24 DOI:10.1002/jid.3967

Georgios P. Kouretas, Małgorzata Pawłowska

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Abstract

The aim of this study is to investigate whether digital technologies affect the credit market in the European Union (EU). The impact of digital technology on three types of bank loans (residential mortgage loans, consumer loans and corporate loans) is analysed separately for two groups of EU countries: Central and Eastern Europe and Western Europe. A dynamic panel regression model is employed based on yearly data on the individual bank level. The sample panel data cover the period 2010–2019. The results show that digital technology affects the growth of loans for households, mortgages and consumer loans. We also find heterogeneity between the Central and Eastern European and Western European banking sectors. Furthermore, the impact of digital technology on bank loan development is significantly stronger in foreign banks. Finally, the findings confirm the dominant role of digital technologies in loans for households during the analysed period. This is the first comprehensive study on the determinants of different loan types in the context of digital technology use in the EU.

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数字技术对传统银行业的影响：以欧盟信贷市场为例

本研究的目的是调查数字技术是否影响欧盟（EU）的信贷市场。数字技术对三种类型的银行贷款（住宅抵押贷款、消费贷款和企业贷款）的影响分别针对中欧、东欧和西欧两组欧盟国家进行了分析。基于个别银行的年度数据，采用动态面板回归模型。样本面板数据涵盖2010-2019年期间。结果表明，数字技术影响了家庭贷款、抵押贷款和消费贷款的增长。我们还发现中欧、东欧和西欧银行业之间存在异质性。此外，数字技术对银行贷款发展的影响在外资银行中明显更强。最后，研究结果证实了数字技术在分析期间家庭贷款中的主导作用。这是对欧盟数字技术使用背景下不同贷款类型决定因素的第一次全面研究。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of International Development DEVELOPMENT STUDIES-

CiteScore

2.40

自引率

0.00%

发文量

109

期刊介绍： The Journal aims to publish the best research on international development issues in a form that is accessible to practitioners and policy-makers as well as to an academic audience. The main focus is on the social sciences - economics, politics, international relations, sociology and anthropology, as well as development studies - but we also welcome articles that blend the natural and social sciences in addressing the challenges for development. The Journal does not represent any particular school, analytical technique or methodological approach, but aims to publish high quality contributions to ideas, frameworks, policy and practice, including in transitional countries and underdeveloped areas of the Global North as well as the Global South.