Book chapter
The Financial Innovation of Fintech Shadow Banking
Current Aspects in Business, Economics, and Finance, Vol. 9, pp.76-84
B P International
2023
Abstract
A fundamental shift has taken place in the global banking sector due to the rise of fintech shadow banking in the last decade and a half. We connect this increase to recent research that demonstrates the difference between certain and uncertain utility functions and the disproportionate preference for certainty. We demonstrate how this preference contributes to the shift in lending from the conventional banking model to the shadow banking model. Furthermore, the significant expansion of shadow banking is largely attributable to the low interest rate environment.
Details
- Title
- The Financial Innovation of Fintech Shadow Banking
- Authors
- Hammad Siddiqi (Corresponding Author) - University of the Sunshine Coast, Queensland, School of Business and Creative Industries
- Contributors
- Maria Ciurea (Editor) - Universitatea Din Petrosani
- Publication details
- Current Aspects in Business, Economics, and Finance, Vol. 9, pp.76-84
- Publisher
- B P International
- DOI
- 10.9734/bpi/cabef/v9/17909D; 10.9734/bpi/cabef/v9
- ISBN
- 9788119039135
- Organisation Unit
- School of Business and Creative Industries
- Language
- English
- Record Identifier
- 99704198802621
- Output Type
- Book chapter
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