This study demonstrates that digitalisation greatly facilitates the growth of credit, but does not result in rapid and unsustainable increase. The mechanism tests demonstrate that the influence of digitalisation on the growth of credit is accomplished by reducing the danger of bad debt after a loan and increasing the desire for risk before the loan. Upon further examination, it is evident that digitalisation has facilitated the growth of credit in the real economy while inhibiting the growth in the virtual economy. This study contributes to the existing literature on the nexus between digitalisation and loan allocation.

中文翻译：

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数字时代的银行信贷：扩张还是过度扩张？


这项研究表明，数字化极大地促进了信贷的增长，但不会导致快速和不可持续的增长。机制测试表明，数字化对信贷增长的影响是通过降低贷款后坏账的风险和增加贷款前的风险欲望来实现的。经过进一步研究，很明显，数字化促进了实体经济中信贷的增长，同时抑制了虚拟经济的增长。这项研究有助于研究数字化与贷款分配之间关系的现有文献。