- Tytuł:
- Has the pandemic changed the relationships between fintechs and banks?
- Autorzy:
-
Będowska-Sójka, Barbara
Kliber, Agata
Laidroo, Laivi - Powiązania:
- https://bibliotekanauki.pl/articles/27315315.pdf
- Data publikacji:
- 2023
- Wydawca:
- Politechnika Wrocławska. Oficyna Wydawnicza Politechniki Wrocławskiej
- Tematy:
-
fintech
banks
COVID-19
cumulative return
MGARCH model
quantile coherency - Opis:
- We examine the impact of COVID-19 on the banking and fintech sectors based on the relationships of the respective stock indices from December 2017 to April 2022. We analyse dynamic correlations within multivariate GARCH models and relationships in tails with the quantile coherency approach. Returns of fintech and banks dropped simultaneously at the beginning of the pandemic, but the analysis of cumulative returns and draw-downs reveals that the former recovered faster. Banks and fintechs experienced sharp declines together and fintech experienced extreme growth during the downfalls in the banking sector. However, the latter relationship disappears when we analyze only the banks from the USA and Eurozone. Thus, integrating with fintech may be especially beneficial for banks outside those regions. The ability of fintech to resurface and continue to grow demonstrates its importance in the financial system and confirms the shift toward a digital economy in financial markets.
- Źródło:
-
Operations Research and Decisions; 2023, 33, 4; 15--33
2081-8858
2391-6060 - Pojawia się w:
- Operations Research and Decisions
- Dostawca treści:
- Biblioteka Nauki
Artykuł