Document Type : Research Paper

Author

• Azam Ahmadyan

Department of Banking Group ,Faculty of Monetary and Banking Research Institute, CENTRAL BANK OF THE ISLAMIC REPUBLIC OF IRAN

Abstract

Today, the importance of the presence and emergence of fintechs, especially fintechs active in the financial field, is not hidden from anyone. This issue is important to the extent that a wide range of recent studies have focused on the performance of fintechs and their relationship with macroeconomics at the international level. International experiences show that fintechs have greatly improved economic growth and controlled inflation by expanding access to financial services. Therefore, their presence can affect the macroeconomic performance. One of the main concerns of economic policymakers in recent years has been to improve economic growth. There are several basic questions. First, how the emergence and presence of fintechs can affect economic growth. Second, what is the long-term and short-term effects of the presence of fintechs on economic growth. Third, the effect of fintechs on economic growth is different in different thresholds of inflation, liquidity, exchange rate and stock price index variables. In this article, using time series data during 1991-2022 and using ARDL method, the short term and long term effect of fintechs on economic growth has been investigated. Then, using the threshold regression method, the effect of fintechs has been investigated in different thresholds of inflation, liquidity, exchange rate and stock price index. The results of the autoregression method with a break indicate the negative effect of fintechs on economic growth in the short term and its positive effect in the long term.

Keywords

• fintech
• inflation
• ARDL Method
• threshold regression

Main Subjects

• Financial Economics