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Kadri Lenk "Determinants of Bank Deposits of Households in Estonia" (BeWise ja AS Balti Kell Üliõpilastööde konkursi finaaltöö)
 

Kadri Lenk "Determinants of Bank Deposits of Households in Estonia" (BeWise ja AS Balti Kell Üliõpilastööde konkursi finaaltöö)

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    Kadri Lenk "Determinants of Bank Deposits of Households in Estonia" (BeWise ja AS Balti Kell Üliõpilastööde konkursi finaaltöö) Kadri Lenk "Determinants of Bank Deposits of Households in Estonia" (BeWise ja AS Balti Kell Üliõpilastööde konkursi finaaltöö) Presentation Transcript

    • Determinants of Bank Deposits of Households in Estonia Kadri Lenk, 26.11.2013
    • Household's stock of deposit and interest rates 2000 - present 5.0% 6000 4.5% 5000 4.0% 3.5% 4000 3.0% 2.5% 3000 2.0% 2000 1.5% 1.0% 1000 0.5% 0.0% 0 Stock of deposit Average deposit interest rate
    • What motivates households to deposit?
    • Variables        Interest rates Consumer confidence indicator Unemployment Monthly gross salary Inflation Stock of housing loans and consumer credits Dummy variable
    • Methodology  Regression analysis  Three time periods    2001 – 2012 2001 – 2009 2009 – 2012  Do the variables appear with a lag?  Time and demand deposits analysed separately
    • Results
    • Conclusions  Interest rates don’t interest   Unemployment reflects uncertainty     In uncertain times, households save Inflation effect comes with 4-6 month lag   Dummy variable affects demand deposits Negative effect on time deposits Positive effect on demand deposits Higher salary = higher saving Loans and saving’s relation changed over time   Positive correlation before 2009 Negative correlation after 2009
    • Thanks!