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SUMMARY:Information Technology and Bank Competition
DTSTART:20210917T103000
DTEND:20210917T120000
DTSTAMP:20260408T035027Z
UID:01c63b4c37cf9138f7d0bfca40491d2c3e951eead98ed2b45354c36c
CATEGORIES:Conferences - Seminars
DESCRIPTION:Xavier Vives\, IESE Business School\, University of Navarra\nW
 e consider a spatial model of bank competition to study how the diffusion 
 of information technology affects competition in the lending market\, stab
 ility of the banking sector\, and social welfare. We find that the effects
  of an improvement in information technology depend on whether or not it w
 eakens the influence of bank–borrower distance on monitoring/screening c
 osts. If so\, then bank competition intensifies\, which reduces bank stabi
 lity and brings about an ambiguous welfare effect. Otherwise\, competition
  intensity does not vary\, banks are more stable\, and welfare improves. I
 f banks have local monopolies\, then technological progress always improve
 s social welfare.\n\nLink to the paper
LOCATION:Zoom
STATUS:CONFIRMED
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