Vincent Yao is the AREA Professor of Real Estate, Director of the College Ph.D. Program and Director of Real Estate Center at the J. Mack Robinson College of Business of Georgia State University. He is also a senior research fellow at the Federal Reserve Bank of Atlanta and a research fellow at the Hong Kong Monetary Authority. He works in several research areas including real estate, household finance and macro finance. His work has been published in leading journals such as The American Economic Review.
New research indicates that FinTech lending has not been as ‘disruptive’ in risk-based pricing as claimed. While FinTech has provided increased loan access to some individuals, reliance on traditional credit scoring and spillovers from banking regulations leads to mispricing and cross-subsidization of borrowers. The authors suggest alternatives to allocate capital efficiently and improve financial inclusion.
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The University of Chicago Booth School of Business
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