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Sight deposits and the households welfare – from the experience of Eurozone countries
Katarzyna Kochaniak
Abstract
Since the European Banking Authority has assigned a transactional nature to the sight deposits the aim of the article is to assess the impact of households’ welfare on the level of these deposits. The study is based on regression models with the use of the Eurosystem HFCS data on 56,225 households residing in 15 Eurozone countries. The results confirm the significant impact of the respondents’ welfare on the sight deposits volume shape. However, the adoption of independent variables referring to incomes and balance sheet items allows concluding about their unequal importance. Both in the whole community and in Austria, Cyprus, Finland, France, Netherlands, Luxemburg, Malta, Germany and Slovakia the priority was given to the annual gross incomes, whereas in Belgium, Greece, Spain, Portugal and Italy to the net wealth. In some countries the destimulant of the sight deposits level constituted real estate investments. The deposits of pensioners are evaluated as the most sensitive to changes in their incomes.
Keywords:
household deposits, sight deposits, funding stability of credit institutionsMost read articles by the same author(s)
- Katarzyna Kochaniak, The determinants of saving deposits values in the Euro zone countries , Safe Bank: Vol. 68 No. 3 (2017)
- Katarzyna Kochaniak, Households’ Managed Accounts in the Euro Area Countries , Safe Bank: Vol. 63 No. 2 (2016)
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