Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/261353 
Authors: 
Year of Publication: 
2022
Series/Report no.: 
IU Discussion Papers - Business & Management No. 5 (Juni 2022)
Publisher: 
IU Internationale Hochschule, Erfurt
Abstract (Translated): 
FinTech is said to have promising effects. The consideration that arises is whether this new form is a special kind of technology that affects an entire economy and has the potential to change societies through its impact on existing economic and social structures. Thus, the question arises whether FinTech can be characterized as general-purpose technology (GPT)? This is followed by the second question: What is the impact of FinTech at the aggregate level and as a potential GPT on aggregate economic welfare? Using two different GPT definitions and characteristics, we show how FinTech can be characterized as a GPT. In the second part, an analytical framework is used to show that FinTech increases welfare as a positive supply shock.
Subjects: 
Fintech
Finanztechnologie
Wohlfahrt
AS-AD Modell
General Purpose Technology
GPT
JEL: 
G20
G23
O10
O30
O33
O49
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.