White Paper

Credit Risks of Peer-to-Peer Lending: The Stock Market Effect

October 20, 2021

How does the performance of a stock exchange impact credit quality, loan defaults and delinquencies in the P2P space? Xin Liu, Xiaoran Ni, Zhigang Qiu and Kailun Zhang establish a causal link between fluctuations in the Shanghai Stock Exchange and credit risks from the P2P lending market.