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.

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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