金融科技抵押贷款机构能否填补信贷缺口?来自自然灾害的证据

Linda Allen, Y. Shan, Yaokan Shen
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引用次数: 9

摘要

在自然灾害造成的外生冲击之后,金融科技贷款机构比传统银行和非金融科技影子银行更能满足激增的重建抵押贷款需求。尽管金融科技和传统银行贷款机构都增加了抵押贷款的可用性,但金融科技贷款机构在不提高利率或拖欠率的情况下放宽了承销标准。与贷款供应渠道相比,传统银行会根据监管激励向受损地区放贷,而金融科技贷款机构则利用银行对资产负债表贷款的依赖来扩大供应。在传统银行的竞争压力下,金融科技贷款机构放宽了承销标准,但传统银行并不使用承销标准与金融科技贷款机构竞争。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Do FinTech Mortgage Lenders Fill the Credit Gap? Evidence from Natural Disasters
After exogenous shocks caused by natural disasters, FinTech lenders satisfy the surge in demand for reconstruction mortgages more than traditional banks and non-FinTech shadow banks. Although both FinTech and traditional bank lenders increase mortgage availability, FinTech lenders relax underwriting standards without raising interest rates or delinquency rates. Comparing lending supply channels, traditional banks respond to regulatory incentives to lend to damaged areas, whereas FinTech lenders exploit bank reliance on balance sheet lending to expand supply. FinTech lenders relax underwriting standards when under competitive pressure from traditional banks, but traditional banks do not use underwriting standards to compete with FinTech lenders.
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