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Asymmetric Information at the Platform Level: The Case of Peer-To-Peer Lending

In: The Palgrave Handbook of Technological Finance

Author

Listed:
  • Puriya Abbassi

    (Deutsche Bundesbank)

  • Raj Iyer

    (Imperial College London)

Abstract

This chapter discusses the role of asymmetric information in the context of online credit markets. To that aim, it provides a comprehensive assessment of the current stand of the related literature, presents key insights into strengths, weaknesses and efficiencies of these markets in addressing ex-ante and ex-post frictions, especially as compared to traditional bank lending. We also discuss the necessary transition that online credit markets will have to make in order to play a meaningful role in the future financial system coupled with a discussion of regulatory frameworks and their impairments. The chapter provides insights on the key challenges for regulatory and legislative bodies to promote financial stability, foster responsible innovation and prevent any derailment of authorities’ efforts to achieve a more inclusive financial system.

Suggested Citation

  • Puriya Abbassi & Raj Iyer, 2021. "Asymmetric Information at the Platform Level: The Case of Peer-To-Peer Lending," Springer Books, in: Raghavendra Rau & Robert Wardrop & Luigi Zingales (ed.), The Palgrave Handbook of Technological Finance, pages 407-423, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-65117-6_17
    DOI: 10.1007/978-3-030-65117-6_17
    as

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