Deposit Insurance and Depositor Behavior: Evidence from Colombia
نویسندگان
چکیده
Abstract This paper studies the effect of deposit insurance on depositor behavior. Our theoretical framework integrates insights from public and financial economics predicts that (1) induces bunching at threshold in distribution (2) an increase promotes growth, particularly higher for individuals initial limit. We exploit a large unexpected Colombian together with monthly depositor-level records major bank to test these predictions. validate existence deposits quantify heterogeneous individual growth.
منابع مشابه
Depositor Behavior and Market Discipline in Colombia
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate. This study examines how depositors decide among different banks and over time in Colombia, with particular attention to the issue of market d...
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Very Preliminary; Please do not quote 2 Abstract: More on the Link between Deposit Insurance and Depositor Behavior: Experimental Results This paper employs an experimental model to provide additional insight into the effect explicit deposit insurance has on depositor behavior in the time of a bank crisis. The strength of the conjoint approach used in this study is that it combines the control ...
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We investigate the effectiveness of initiating deposit insurance at the outset of a banking crisis. Using a conjoint analysis approach that allows us to consider the simultaneous impact of multiple deposit insurance attributes and various counterfactuals, we ask a multinational sample of respondents how they would view hypothetical account profiles following the failure of a large competing ban...
متن کاملFirst draft. Comments welcome. DEPOSITOR BEHAVIOR AND MARKET DISCIPLINE IN COLOMBIA
This empirical study examines how the public makes decisions to place deposits among different banks and over time in the Colombian banking system. Recent studies suggest that in several Latin American countries, depositors exhibit significant responsiveness to performance indicators. With our specification, we set out to control for a more comprehensive set of risk/return factors, and thus con...
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ژورنال
عنوان ژورنال: Review of Financial Studies
سال: 2022
ISSN: ['0893-9454', '1465-7368']
DOI: https://doi.org/10.1093/rfs/hhac092