Finance Seminar with Nicola Limodio, Bocconi University

On Friday, October 9, 2020, Nicola Limodio, Bocconi University will be giving a seminar on the paper: "High-Speed Internet, Financial Technology and Banking"

Friday, October 9, 2020 - 11:00 to 12:00

The Department of Finance is proud to announce the upcoming seminar with Nicola Limodio, Bocconi University.

Nicola Limodio will present:

High-Speed Internet, Financial Technology and Banking

ABSTRACT
We exploit the staggered arrival of submarine cables in Africa to study how high-speed internet affects financial technology and banking. Combining country and bank reports with a machine-learning algorithm, we build a dataset on a technology central for bank intermediation: the real-time gross settlement system (RTGS). High-speed internet increases RTGS adoption, leading banks to lower liquidity hoarding, increase interbank transactions and private-sector lending. We identify a distinct credit supply channel through banks connected to high-speed internet both through their multinational network and country of operation. RTGS adoption produces real effects on firms in countries with weak pre-existing interbank markets.

PDF iconFind the paper here.

Location and sign up:
This is an online seminar on Zoom.
Please contact us in order to sign up.

The page was last edited by: Department of Finance // 04/04/2022