Semantic Scholar Open Access 2021 394 sitasi

The rise of digital finance: Financial inclusion or debt trap?

Pengpeng Yue A. Korkmaz Zhichao Yin Haigang Zhou

Lihat Sumber DOI

Abstrak

This study focuses on the impact of digital finance on households. While digital finance has brought financial inclusion, it has also increased the risk of households falling into a debt trap. We provide evidence that supports this notion and explain the channel through which digital finance increases the likelihood of financial distress. Our results show that the widespread use of digital finance increases credit market participation. The broadened access to credit markets increases household consumption by changing the marginal propensity to consume. However, the easier access to credit markets also increases the risk of households falling into a debt trap.

Topik & Kata Kunci

Economics

Penulis (4)

Pengpeng Yue

A. Korkmaz

Zhichao Yin

Haigang Zhou

Format Sitasi

APA MLA BibTeX

Yue, P., Korkmaz, A., Yin, Z., Zhou, H. (2021). The rise of digital finance: Financial inclusion or debt trap?. https://doi.org/10.1016/j.frl.2021.102604

Akses Cepat

Lihat di Sumber doi.org/10.1016/j.frl.2021.102604

Informasi Jurnal

Tahun Terbit: 2021
Bahasa: en
Total Sitasi: 394×
Sumber Database: Semantic Scholar
DOI: 10.1016/j.frl.2021.102604
Akses: Open Access ✓