Essays in financial intermediation
Abstract/Contents
- Abstract
- This dissertation comprises two essays, coauthored with Sooji Kim, that concern different aspects of financial intermediation. In the first chapter, we find that the refinancing channel of monetary policy has spillovers to renters, due to the refinancing decisions of property owners. We find that property owners, once they refinance, pass on changes in their interest expense to the monthly rents faced by renters. Our channel sheds light on one mechanism through which monetary policy is transmitted to renters. In the second chapter, we investigate whether cuts in small business credit supply during a crisis differ by the type of financial intermediary. We find that fintech lenders significantly reduce their credit supply relative to other lenders. As this reduction in credit supply is not offset by corresponding increases in credit supply from other lenders, our results show that areas that have come to rely more on fintech lenders also experience relative reductions in total credit supply.
Description
| Type of resource | text |
|---|---|
| Form | electronic resource; remote; computer; online resource |
| Extent | 1 online resource. |
| Place | California |
| Place | [Stanford, California] |
| Publisher | [Stanford University] |
| Copyright date | 2023; ©2023 |
| Publication date | 2023; 2023 |
| Issuance | monographic |
| Language | English |
Creators/Contributors
| Author | Velasquez, Ulysses |
|---|---|
| Degree supervisor | Krishnamurthy, Arvind |
| Thesis advisor | Krishnamurthy, Arvind |
| Thesis advisor | Rauh, Joshua |
| Thesis advisor | Seru, Amit |
| Degree committee member | Rauh, Joshua |
| Degree committee member | Seru, Amit |
| Associated with | Stanford University, Graduate School of Business |
Subjects
| Genre | Theses |
|---|---|
| Genre | Text |
Bibliographic information
| Statement of responsibility | Ulysses Leonardo Velasquez. |
|---|---|
| Note | Submitted to the Graduate School of Business. |
| Thesis | Thesis Ph.D. Stanford University 2023. |
| Location | https://purl.stanford.edu/bw302mj1857 |
Access conditions
- Copyright
- © 2023 by Ulysses Velasquez
- License
- This work is licensed under a Creative Commons Attribution Non Commercial 3.0 Unported license (CC BY-NC).
Also listed in
Loading usage metrics...