第548期嶺南學術論壇(經濟學系列Seminar)

發布人:李義華 發布日期:2019-10-21
活動時間
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活動地址
嶺南堂汪道涵會議室

報告題目:Risk Smoothing and Digital Financial Inclusion:?Evidence from China's Digital Finance Revolution

報? 告?人:王勛(北京大學國家發展研究院,研究員)

主? 持 人:才國偉(中山大學嶺南學院,教授)

時? ? ? 間:2019年10月25日(周四)下午16:00-17:30

地? ? ? 點:嶺南堂汪道涵會議室

語? ? ? 言:中文+英文

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Abstract:

This paper provides evidence of how digital inclusive finance initiated by private Fintech companies affects household risk smoothing in China. Using a large panel household survey dataset and fixed effects identification strategy, we identify economic mechanisms through which the development of digital finance improve household risk smoothing. We provide convincing evidence that households that experience idiosyncratic negative shocks on income growth exhibit a disproportionally lower level of reduction in idiosyncratic consumption growth in regions with better developed digital finance, and this is not just attributable to improved risk sharing through the reduction in transaction costs of remittance that digital finance provides, but also due to the liquidity and saving effects that digital financial products may generate. However, the development of traditional banking credit market does not appear to promote household risk smoothing. Our paper provides new insights into the real effects of informal digital financial market development on the economy.

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報告人介紹:

? ? ? 王勛,北京大學國家發展研究院研究員。主要研究領域為金融改革、國際金融與中國經濟。曾在瑞典斯德哥爾摩經濟學院從事博士后研究。在Oxford Bulletin of Economics and Statistics, China economic review, Growth and Change以及《中國社會科學》、《經濟研究》等中英文期刊發表論文多篇。2011年畢業于北京大學國家發展研究院,獲經濟學博士學位。

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? ? ? ? 歡迎感興趣的年輕老師和博士生參加!

? ? ? ??中山大學嶺南學術論壇分經濟、金融和管理三個系列,是定期邀請國內外優秀學者前來開展學術交流的平臺。每系列每個月定期舉辦2-3次。目前已經成功舉辦多期,并得到了各界的高度評價。