Professor of Banking and Finance
JOURNAL ARTICLE | European Economy | | December 2017
Digital Disruption and Bank Lending
The paper assesses the threat posed by digital banking as seen in the context of a long series of financial and technological innovations in the banking sector. It focuses on the economics of banking services and banks’ two main functions – as providers of liquidity and loans – and analyzes whether these could be displaced by peer-to-peer and marketplace lending.