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Similar a Kadri Lenk "Determinants of Bank Deposits of Households in Estonia" (BeWise ja AS Balti Kell Üliõpilastööde konkursi finaaltöö) (20)
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Kadri Lenk "Determinants of Bank Deposits of Households in Estonia" (BeWise ja AS Balti Kell Üliõpilastööde konkursi finaaltöö)
- 2. 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
- 7. 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