東華大學圖書館 |

語系: 繁體中文

說明(常見問題)

回圖書館首頁

手機版館藏查詢

登入

回首頁

切換: 標籤 | MARC模式 | ISBD

Thesis on Technological Change in th...

Pang, Haiyan.

FindBook

Google Book

Amazon

博客來

Thesis on Technological Change in the U.S. Commercial Banking Market.

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	Thesis on Technological Change in the U.S. Commercial Banking Market./
作者:	Pang, Haiyan.
出版者:	Ann Arbor : ProQuest Dissertations & Theses, : 2019,
面頁冊數:	103 p.
附註:	Source: Dissertations Abstracts International, Volume: 80-11, Section: A.
Contained By:	Dissertations Abstracts International80-11A.
標題:	Economics. -
電子資源:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=13862551
ISBN:	9781392140215

Thesis on Technological Change in the U.S. Commercial Banking Market.
Pang, Haiyan.

Thesis on Technological Change in the U.S. Commercial Banking Market. - Ann Arbor : ProQuest Dissertations & Theses, 2019 - 103 p.

Source: Dissertations Abstracts International, Volume: 80-11, Section: A.

Thesis (Ph.D.)--Arizona State University, 2019.

This item must not be sold to any third party vendors.

This thesis studies the technological change in the US commercial banking market and its influence on banks' lending practices. The second chapter provides some empirical facts.The third chapter studies the welfare consequences of the destructive creation (bank branches replaced by internet banking) of the US commercial banking market following the Great Recession of 2009. Using a structural model, we find that the cleansing effect (closure of unproductive bank branches) of the recession increases the units of internet banking by about 56% in 2016, compared to the case where the cleansing effect is absent. The share of internet banking in the retail service market is increased from 48% to 60% and the price of internet banking service is decreased by a factor of 16 by the cleansing effect of the Great Recession. The two changes lowers the price of retail banking services in 2016 by 37%: 53% of the price reduction is attributable to the replacement of branches by internet banking and 47% is attributable to the reduction of the price of internet banking. However, this cleansing effect also results in a 2.5% decrease in small business services in small cities. These findings suggest that the cleansing effect of the recession benefits retail consumers. However, small business lending may suffer.The fourth chapter evaluates how information technology (IT) improvements contribute to the decline of small business lending in the US commercial banking market from 2002 to 2017. This paper estimates a general equilibrium dynamic model with banks that differ in size and choose the level of the transaction (hard information intensive) and relationship (soft information intensive) lending. The model shows that banks' costs of evaluating borrowers' hard information declined over this period by 46%, and small business loans fell by 7% (12% in the data). This paper finds that banks' higher reliance on IT to issue transaction loans is responsible for 37% of the decline in the data, and the consolidation caused by IT improvements caused 22% of the decline. Contrary to previous findings, this paper finds that when general equilibrium is considered, policy protecting small banks cannot increase small business lending.

ISBN: 9781392140215Subjects--Topical Terms:

517137
Economics.

Thesis on Technological Change in the U.S. Commercial Banking Market.
LDR:03296nmm a2200325 4500 001 2209081
005 20191025102647.5
008 201008s2019 ||||||||||||||||| ||eng d
020 $a 9781392140215
035 $a (MiAaPQ)AAI13862551
035 $a (MiAaPQ)asu:18848
035 $a AAI13862551
040 $a MiAaPQ $c MiAaPQ
100 1 $a Pang, Haiyan. $3 3436162
245 1 0 $a Thesis on Technological Change in the U.S. Commercial Banking Market.
260 1 $a Ann Arbor : $b ProQuest Dissertations & Theses, $c 2019
300 $a 103 p.
500 $a Source: Dissertations Abstracts International, Volume: 80-11, Section: A.
500 $a Publisher info.: Dissertation/Thesis.
500 $a Advisor: Silverman, Dan.
502 $a Thesis (Ph.D.)--Arizona State University, 2019.
506 $a This item must not be sold to any third party vendors.
520 $a This thesis studies the technological change in the US commercial banking market and its influence on banks' lending practices. The second chapter provides some empirical facts.The third chapter studies the welfare consequences of the destructive creation (bank branches replaced by internet banking) of the US commercial banking market following the Great Recession of 2009. Using a structural model, we find that the cleansing effect (closure of unproductive bank branches) of the recession increases the units of internet banking by about 56% in 2016, compared to the case where the cleansing effect is absent. The share of internet banking in the retail service market is increased from 48% to 60% and the price of internet banking service is decreased by a factor of 16 by the cleansing effect of the Great Recession. The two changes lowers the price of retail banking services in 2016 by 37%: 53% of the price reduction is attributable to the replacement of branches by internet banking and 47% is attributable to the reduction of the price of internet banking. However, this cleansing effect also results in a 2.5% decrease in small business services in small cities. These findings suggest that the cleansing effect of the recession benefits retail consumers. However, small business lending may suffer.The fourth chapter evaluates how information technology (IT) improvements contribute to the decline of small business lending in the US commercial banking market from 2002 to 2017. This paper estimates a general equilibrium dynamic model with banks that differ in size and choose the level of the transaction (hard information intensive) and relationship (soft information intensive) lending. The model shows that banks' costs of evaluating borrowers' hard information declined over this period by 46%, and small business loans fell by 7% (12% in the data). This paper finds that banks' higher reliance on IT to issue transaction loans is responsible for 37% of the decline in the data, and the consolidation caused by IT improvements caused 22% of the decline. Contrary to previous findings, this paper finds that when general equilibrium is considered, policy protecting small banks cannot increase small business lending.
590 $a School code: 0010.
650 4 $a Economics. $3 517137
650 4 $a Banking. $2 bicssc $3 1557594
690 $a 0501
690 $a 0770
710 2 $a Arizona State University. $b Economics. $3 1681946
773 0 $t Dissertations Abstracts International $g 80-11A.
790 $a 0010
791 $a Ph.D.
792 $a 2019
793 $a English
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=13862551