Detlev S. Schlichter , Paper Money Collapse: the folly of elastic banking, United States: John Wiley & Sons Inc, 2014
Mary J. Cronin (Editor), Banking and Finance on the Internet, John Wiley & Sons, Inc., 1998
The book contains many early studies about how the Internet might affect banking and finance system. We can see that it raises some concerns about potential risks. We can look back and see if we have solved the problems they raised seventeen years ago.
Dingy Chen, Hao Lou, Craig Van Slyke, Toward an Understanding of Online Lending Intentions: Evidence from a Survey in China, Communications of the Association for Information Systems, Volume 36, Article 17, 2015
This article discusses people’s intentions to lend their money online under the peer-to-peer system. The conclusion suggests the intention is based on people’s trust. The article’s limitation is it focus on the performance within China, instead of the whole world economy. However, it helps to understand how people make their decisions. From the decision making process, we can find out the risks of such lending system.
Oren Rigbi, The Effects of Usury Laws: evidence from the online loan market, The Review of Economics and Statistics, 2013
This paper discusses the effects of usury laws by collecting data from the online loan market, so we can see the effect of the information technology on the traditional loan market. In addition, we can have some ideas about if the online loan market is riskier and who benefits from the online loan market.
Amitrajeet A. Batabyal, Hamid Beladi, A model of microfinance with adverse selection, loan default, and self-financing, Agricultural Finance Review, 2010
The sizes of loans issued online are usually relatively small, the model of microfinance discussed in the article could be used to explain how people lend and borrow money online.
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