In this PLoS ONE article, Allen, Carbo, Chakravorti, Rodriguez, and Ardic use random forest estimation to identify 14 key predictors out of 190 variables with the largest predictive power for MSMR adoption and usage of digital payments. Using conditional inference trees, we study the importance of sequencing and interactions of...
In this keynote presentation, Chakravorti discusses how FinTech and big tech firms are increasing competition in the payments space. Entry into payments, often allows these non-bank providers the ability to offer loans to underserved consumers and small merchants. In the rest of the talk, Chakravorti discusses the effectiveness of certain...
The adoption of electronic payments and their frequent use is thought of as a first step for broader financial use for traditionally unbanked individuals and merchants. The purpose of this report is to analyze the design, implementation, and efficacy of many incentives implemented by different types of stakeholders around the...
As part of training of Indian senior bankers, the National Institute of Bank Management located in Pune, India, invitedChakravorti to teach three courses. This course is on the evolution of FinTech in India and beyond. Specifically, the presentation focuses on how FinTechs provide greater access to payments, lending, and investments...
As part of training of Indian senior bankers, the National Institute of Bank Management located in Pune, India, invited Chakravorti to teach three courses. This course is on the FinTech financing options of MSMEs.
In this presentation, Chakravorti discusses the challenges in SME lending in the Middle East and Central Asia. He focuses on the potential of FinTechs to reduce lending frictions and increase financing in the region.
In this chapter, Biasi and Chakravorti study how cryptotoken issuance, also referred to as initial coin offerings and security token offerings, may disrupt funding markets such as venture capital, crowdfunding, and private equity. The authors discuss the necessary infrastructure to support this new asset class. The authors analyze the market...
Carbó, Chakravorti, and Rodriguez study the impact of lowering interchange fees on consumer and merchant adoption and usage along with bank revenues during a ten-year period in Spain using bank-level data. Using cutting-edge econometric techniques, they are able to test two-sided market model predictions about payment card pricing policies. They...
Bolt and Chakravorti investigate the research on electronic payment systems. The rapid growth in the use of electronic payment instruments, especially payment cards, is a striking feature of most modern economies. Payment data indicate that strong scale economies exist for electronic payments. Payment costs will decrease through the consolidation of...
Using a unique administrative level dataset from a large and diverse U.S. financial institution, Agarwal, Chakravorti, and Lunn test the impact of rewards on credit card spending and debt. Specifically, we study the impact of cash-back rewards on individuals before and during their enrollment in the program. We find that...