喜报丨我院纪洋副教授获得“2022-2023年度数字经济开放研究平台年度峰会”优秀论文评选“先锋奖”
9月26日，由中国普惠金融研究院(CAFI)联合数字经济开放研究平台共同承办的“新起点·新突破·新格局——2023中国普惠金融国际论坛（2023IFCFI）暨数字经济开放研究平台学术峰会”正式公布了2022-2023年度数字经济开放研究平台优秀论文评选结果，我院纪洋副教授的合作论文“The Rise of E-Wallets and Buy-Now-Pay-Later:Payment Competition, Credit Expansion, and Consumer Behavior” 获得优秀论文“先锋奖”。论文合作者为成均馆大学副教授边文龙、康奈尔大学Rudd家族讲席教授叢林。
为提高中国数字经济学术研究水平、增强中国在全球数字经济治理中的话语权，北京大学数字金融研究中心、国家金融与发展实验室、蚂蚁集团研究院、上海交通大学中国金融研究院、浙江大学金融科技研究院、中国人民大学中国普惠金融研究院共同支持成立了“数字经济开放研究平台”。该平台旨在促进数字经济领域的学术与行业合作，共同推动中国数字经济的学术研究和实践，并设立“尖峰奖”和“先锋奖”以表彰数字经济领域的杰出学术研究。
纪洋副教授合作论文摘要
The past decade has witnessed a phenomenal rise of digital wallets, and the COVID-19 pandemic further accelerated their adoption globally. Such e-wallets provide not only a conduit to external bank accounts but also internal payment options, including the ever-popular Buy-Now-Pay-Later (BNPL). We examine, for the first time, e-wallet transactions matched with merchant and consumer information from a world-leading provider based in China, with over 1 billion users globally and a business model that other e-wallet providers quickly converge to. We document that internal payment options, especially BNPL, dominate both online and on-site transactions. BNPL has greatly expanded credit access on the extensive margin through its adoption in two-sided payment markets. While BNPL crowds out other e-wallet payment options, it expands FinTech credit to underserved consumers. Exploiting a randomized experiment, we also find that e-wallet credit through BNPL substantially boosts consumer spending. Nevertheless, users, especially those relying on e-wallets as their sole credit source, carefully moderate borrowing when incurring interest charges. The insights likely prove informative for economies transitioning from cash-heavy to cashless societies where digital payments and FinTech credit see the largest growth and market potential.
纪洋副教授简介
纪洋老师是中山大学商学院副教授，北京大学国家发展研究院博士。研究领域为金融改革与金融科技，先后在《经济研究》《金融研究》《世界经济》《管理世界》《经济学（季刊）》Journal of Banking and Finance,China and World Economy，China Economic Review等国内外期刊上发表多篇论文，曾获浦山政策研究奖、经济学（季刊）最佳论文奖等，入选国家级青年人才项目（2021年）。