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DESCRIPTION;ENCODING=QUOTED-PRINTABLE:Xiang Li (Halle Institute for Economic Research and Martin Luther University Halle-Wittenberg  ) - Technology Adoption and the Bank Lending Channel of Monetary Policy Transmission =0D=0A Co-author: Iftekhar Hasan (Fordham University) =0D=0A Abstract This paper studies whether and how banks' technology adoption affects the bank lending channel of monetary policy transmission. We construct a new measurement of bank-level technology adoption, which is able to tell whether the technology is related to the bank's lending business and which specific technology is adopted. We find that lending-related technology adoption significantly strengthens the transmission of the bank lending channel, meanwhile, adopting technologies that are not related to lending activities significantly mitigates that. By technology categories, the adoption of cloud computing technology displays the largest impact on strengthening the bank lending channel. Moreover, higher exposure to BigTech competition is significantly associated with weaker reaction to monetary policy shocks. =0D=0A Online Research seminars organized by the Bank of Finland's Research Unit are open to all researchers interested in the subjects covered. Those wishing to attend a seminar are kindly asked to register in advance, by filling in the Online Registration Form   =0D=0A The registration for each seminar is open until 9:00 am the day of the seminar. You will receive a link to join the seminar by email at the latest one hour before the seminar is scheduled to begin  =0D=0A
DTEND:20210511T130000Z
DTSTAMP:20210426T125650Z
DTSTART:20210511T120000Z
LOCATION:Teams meeting
SUMMARY:BOFIT Seminar - Xiang Li (Halle Institute for Economic Research) - Technology Adoption and the Bank Lending Channel of Monetary Policy Transmission 
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