The Impact of Internet Finance Development on Financial Repression——Taking P2P as an Example

DOI

10.2991/ieesasm-18.2019.32How to use a DOI?

Keywords

Internet finance, financial repression, peer-to-peer lending

Abstract

With the development of Internet technology and big data, Internet finance represented by online lending, third-party payment, crowdfunding platform, etc. has developed rapidly in China, and its impact with the traditional financial system has brought a new kind of financial format. With its advantages of low cost, high efficiency, convenience and speed, Internet Finance provides financial consumers with more choices of wealth management products, broadens the financing channels for small and medium-sized enterprises and individuals, and to a certain extent, has played a role in China's financial repression. Taking peer-to-peer lending as an example, this paper constructs a measure of financial repression level and studies the impact of P2P lending development on financial repression. The empirical research results show that although the level of financial repression in China is on the rise, the development of online lending is helpful to reduce the rise of China's financial repression. Therefore, under the momentum of regulating the regulation of the Internet financial industry and ensuring its healthy development, Internet finance will inevitably bring about an inestimable impact on the optimization of China's financial environment.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Lihua Zhan
AU  - Xiaodi Liu
AU  - Mengnan Sun
PY  - 2019/01
DA  - 2019/01
TI  - The Impact of Internet Finance Development on Financial Repression——Taking P2P as an Example
BT  - Proceedings of the 2018 6th International Education, Economics, Social Science, Arts, Sports and Management Engineering Conference (IEESASM 2018)
PB  - Atlantis Press
SP  - 171
EP  - 176
SN  - 2352-5398
UR  - https://doi.org/10.2991/ieesasm-18.2019.32
DO  - 10.2991/ieesasm-18.2019.32
ID  - Zhan2019/01
ER  -