FinTech and macroeconomics: Dataset from the US peer-to-peer lending platform.

ABSTRACT: We aggregate the United States (US) state-level data with LendingClub's loan book covering the period from 2008 to 2019. LendingClub is a FinTech lending company that provides loans through a technology-driven platform. It was one of the pioneering and leading US peer-to-peer (P2P) lending platforms. Our dataset consists of over two million observations (N=2,703,430) with diverse loan, borrowers and state-specific features. We provide the description of variables, descriptive statistics, and STATA code with the full dataset. The US possesses significant cross-state variation in terms of economic and demographic characteristics while having risk-sharing policies at the federal level to protect states' creditworthiness. This unique feature of our combined database creates an ideal opportunit

SUBMITTER: Nigmonov A 

PROVIDER: S-EPMC8649212 | biostudies-literature | 2021 Dec

REPOSITORIES: biostudies-literature