FinTech and macroeconomics: Dataset from the US peer-to-peer lending platform
Article
Article Title | FinTech and macroeconomics: Dataset from the US peer-to-peer lending platform |
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ERA Journal ID | 210363 |
Article Category | Article |
Authors | Nigmonov, Asror (Author), Shams, Syed (Author) and Alam, Khorshed (Author) |
Journal Title | Data in Brief |
Journal Citation | 39, pp. 1-10 |
Article Number | 107666 |
Number of Pages | 10 |
Year | 2021 |
Publisher | Elsevier |
Place of Publication | Netherlands |
ISSN | 2352-3409 |
Digital Object Identifier (DOI) | https://doi.org/10.1016/j.dib.2021.107666 |
Web Address (URL) | https://www.sciencedirect.com/science/article/pii/S2352340921009410 |
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 opportunity to explore the P2P lending market within the context of macroeconomic variables. As the dataset covers a 12-year period for all US states, it enables further cross-sectional and longitudinal analyses of the FinTech lending market. |
Keywords | Crowdfunding; Default; Marketplace lending; Peer-to-peer lending; United States |
ANZSRC Field of Research 2020 | 350202. Finance |
Byline Affiliations | University of New South Wales |
School of Business | |
Institution of Origin | University of Southern Queensland |
https://research.usq.edu.au/item/q712y/fintech-and-macroeconomics-dataset-from-the-us-peer-to-peer-lending-platform
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