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Chong Huang

Institution

University of California, Irvine

PhD Year

2012

chong.h@uci.edu

FTG Membership

Member

Website

http://chonghuang.weebly.com/

Featured Work

Sep 24, 2025

Itay Goldstein, Chong Huang, Liyan Yang

Open Banking under Maturity Transformation

This paper examines how the shift from closed banking to open banking --- where borrower data become accessible to more financial institutions --- affects lending competition, credit availability, and resource allocation in underbanked markets. We develop a common-value auction model with feedback between lending outcomes and banks' financial costs. The regime shift can reduce both competition and credit availability. Moreover, even when open banking boosts...