Marketplace Lending, Information Aggregation, and Liquidity
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DOI: 10.1093/rfs/hhaa101
Abstract: We address a puzzle whereby lending marketplaces, aimed at directly connecting retail lenders and borrowers, retreat from auctions and take on the role of price setting and credit allocation, despite evidence that retail investors possess… read more here.
Keywords: liquidity; information; lending information; marketplace lending ... See more keywords