The Real Effects of Financial Technology: Marketplace Lending and Personal Bankruptcy

• Main Authors: Danisewicz, Piotr, Elard, Ilaf
• Other Authors: YSI Asia Convening 2019
• Format: Conference or Workshop Item
• Language: English
• Published: H. : ĐHKT 2020
• Subjects: Credit supply; Marketplace lending; Alternative finance; Financial technology; Bankruptcy
• Online Access: http://repository.vnu.edu.vn/handle/VNU_123/70559
• Institution: Vietnam National University, Hanoi

We examine how financial technology affects household hardship in terms of personal bankruptcy. We exploit an exogenous source of variation in marketplace lending, a court verdict rendering above-usury loans issued by banks to Connecticut and New York residents null and void if the loans are sold...