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Τμήμα Οικονομικών Επιστημών

RESEARCH SEMINAR 27/10/21: "THE PERFECT BAIL-IN: FINANCING WITHOUT BANKS USING PEER-TO-PEER LENDING"

 

Research Seminar Series in Economic Sciences, 2021-2022

 

Speaker: Polyzos Eustathios, Assistant Professor of Finance, Zayed University

Webpage:https://www.zu.ac.ae/main/en/colleges/colleges/__college_of_business/faculty_and_staff/_profiles/Efstathios_Polyzos.aspx

 

Title: “The perfect bail-in: Financing without banks using  Peer-To-Peer Lending”

 

Date & Time: Wednesday, October 27th, 2021, 19:00 - 20:30  

 

Webex Link:https://uoa.webex.com/uoa/j.php?MTID=m6f2d44769f2375bf2090852c432d9ac6

 

Url: http://www.econ.uoa.gr/ereynhtika-seminaria-research-seminars.html

 

Abstract: We explore the potential outcomes for financial stability when using peer-to-peer lenders to finance economic activity. Combining a random regression forest, a machine-learning process, with an agent-based model, we perform simulations on artificial economies with various degrees of adoption of peer-to-peer lending. We find that as peer-to-peer lenders proliferate, there is increased financial instability, lower GDP and higher unemployment. On the other hand, peer-to-peer lending increases the total volume of loans given out but demonstrates a preference towards consumer loans (over corporate loans), which has a negative effect in the long run. Finally, introducing peer-to-peer lenders increases the access of the “unbankable” population to services which conventional banking is not able to offer within the extant regulatory framework. Our results can help policymakers as they address the issue of regulation in the peer-to-peer finance industry.

 

Organizers:     Dimitris Kenourgios, Professor

                          George Dotsis, Assoc. Professor

                           Frago Kourandi, Assist. Professor

 

 

Thank you.

 

Department of Economics

 

www.econ.uoa.gr