Financial Inclusion for Financial Stability : Access to Bank Deposits and the Growth of Deposits in the Global Financial Crisis
In crisis times, depositors get anxious, can run on banks, and withdraw their deposits. Correlated withdrawals of bank deposits could be mitigated if bank deposits are more diversified, that is, held by more individuals. This paper examines the lin...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2013/08/18121066/financial-inclusion-financial-stability-access-bank-deposits-growth-deposits-global-financial-crisis http://hdl.handle.net/10986/16010 |
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okr-10986-16010 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS TO BANK ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO SAVINGS ACCOUNTING ACCOUNTING STANDARDS BANK ACCOUNT BANK ACCOUNTS BANK COMPETITION BANK CONCENTRATION BANK DEPOSIT BANK DEPOSITORS BANK DEPOSITS BANK FINANCING BANK LIQUIDITY BANK RUN BANK RUNS BANK STABILITY BANKERS ASSOCIATION BANKING CONCENTRATION BANKING CRISES BANKING CRISIS BANKING SECTOR BANKING SECTOR ASSETS BANKING SECTOR STABILITY BANKING SECTORS BANKING SERVICES BANKING SYSTEM BANKING SYSTEMS BLANKET DEPOSIT GUARANTEES BUSINESS CYCLE CAPITAL ACCOUNT CAPITAL CONTROLS CAPITAL SENDING COMMERCIAL BANKS CONCENTRATION RATIO CONSUMER PRICE INDEX CONTAGION CORPORATE GOVERNANCE CREDITORS CRISIS COUNTRIES CURRENCY DATA AVAILABILITY DEPOSIT BASE DEPOSIT FUNDING DEPOSIT GROWTH DEPOSIT GUARANTEES DEPOSIT INSURANCE DEPOSIT INSURANCE SCHEMES DEPOSIT MONEY BANKS DEPOSIT VARIABLES DEPOSIT WITHDRAWAL DEPOSIT WITHDRAWALS DEPOSITOR DEPOSITOR CONFIDENCE DEPOSITORS DEVELOPING COUNTRIES DEVELOPMENT BANK DIVERSIFICATION DOMESTIC FINANCIAL INTERMEDIATION DUMMY VARIABLE EARNINGS ECONOMIC DEVELOPMENT ECONOMIC GROWTH EMERGING MARKETS EQUILIBRIUM CREDIT EXPLICIT DEPOSIT EXPLICIT DEPOSIT INSURANCE EXPLICIT DEPOSIT INSURANCE SCHEME EXPLICIT DEPOSIT INSURANCE SCHEMES EXTERNAL FINANCING EXTERNAL FUNDING FINANCIAL ACCESS FINANCIAL CONDITION FINANCIAL CONDITIONS FINANCIAL CRISIS FINANCIAL DEEPENING FINANCIAL DEVELOPMENT FINANCIAL FLOWS FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL OPENNESS FINANCIAL POLICY FINANCIAL RISK FINANCIAL SECTOR FINANCIAL SECTOR POLICY FINANCIAL SECTOR REGULATION FINANCIAL SECTOR STRATEGY FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STRESS FINANCIAL SYSTEM FORMAL FINANCIAL INSTITUTION FUNDING SOURCE GLOBAL FINANCE GREATER ACCESS GROWTH IN BANK DEPOSIT GROWTH IN BANK DEPOSITS GROWTH OF DEPOSITS GROWTH RATE HOUSEHOLD ACCESS HOUSEHOLDS INCOME INCOME GROUPS INCOME LEVEL INFLATION INFORMATIONAL ASYMMETRY INSTRUMENT INSURANCE INSURED DEPOSITORS INTERNATIONAL BANK INVESTMENT FINANCING INVESTMENT IN SECURITIES LARGE DEPOSITORS LENDERS LEVEL OF INFLATION LEVERAGE LIQUID ASSETS LIQUIDITY LIQUIDITY POSITION LIQUIDITY RISK LOAN LOW-INCOME COUNTRIES MACRO-STABILITY MACROECONOMIC STABILITY MARKET INTEREST MARKET INTEREST RATES MIDDLE-INCOME COUNTRIES NATIONAL CURRENCY OUTPUT OUTSTANDING DEPOSITS OVERSEAS BANK POLICY RESPONSE POLICY RESPONSES POLITICAL ECONOMY PORTFOLIO POVERTY ALLEVIATION PRIVATE CREDIT PROVISION OF CREDIT PROVISIONING RULES PUBLIC DEPOSIT INSURANCE PUBLIC POLICY RETURN RETURNS RISK AVERSION RISK EXPOSURE RISK MANAGEMENT SAVINGS SAVINGS DEPOSITS SECURITIES SHARE OF ASSETS SMALL SAVERS SOURCE OF FUNDS SYSTEMIC BANKING CRISES SYSTEMIC BANKING CRISIS SYSTEMIC RISK TRADITIONAL DEPOSIT USE OF DEPOSITS VOLATILITY WHOLESALE FUNDING WITHDRAWAL WITHDRAWAL DEMAND WITHDRAWAL OF DEPOSITS WORLD DEVELOPMENT INDICATOR |
| spellingShingle |
ACCESS TO BANK ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO SAVINGS ACCOUNTING ACCOUNTING STANDARDS BANK ACCOUNT BANK ACCOUNTS BANK COMPETITION BANK CONCENTRATION BANK DEPOSIT BANK DEPOSITORS BANK DEPOSITS BANK FINANCING BANK LIQUIDITY BANK RUN BANK RUNS BANK STABILITY BANKERS ASSOCIATION BANKING CONCENTRATION BANKING CRISES BANKING CRISIS BANKING SECTOR BANKING SECTOR ASSETS BANKING SECTOR STABILITY BANKING SECTORS BANKING SERVICES BANKING SYSTEM BANKING SYSTEMS BLANKET DEPOSIT GUARANTEES BUSINESS CYCLE CAPITAL ACCOUNT CAPITAL CONTROLS CAPITAL SENDING COMMERCIAL BANKS CONCENTRATION RATIO CONSUMER PRICE INDEX CONTAGION CORPORATE GOVERNANCE CREDITORS CRISIS COUNTRIES CURRENCY DATA AVAILABILITY DEPOSIT BASE DEPOSIT FUNDING DEPOSIT GROWTH DEPOSIT GUARANTEES DEPOSIT INSURANCE DEPOSIT INSURANCE SCHEMES DEPOSIT MONEY BANKS DEPOSIT VARIABLES DEPOSIT WITHDRAWAL DEPOSIT WITHDRAWALS DEPOSITOR DEPOSITOR CONFIDENCE DEPOSITORS DEVELOPING COUNTRIES DEVELOPMENT BANK DIVERSIFICATION DOMESTIC FINANCIAL INTERMEDIATION DUMMY VARIABLE EARNINGS ECONOMIC DEVELOPMENT ECONOMIC GROWTH EMERGING MARKETS EQUILIBRIUM CREDIT EXPLICIT DEPOSIT EXPLICIT DEPOSIT INSURANCE EXPLICIT DEPOSIT INSURANCE SCHEME EXPLICIT DEPOSIT INSURANCE SCHEMES EXTERNAL FINANCING EXTERNAL FUNDING FINANCIAL ACCESS FINANCIAL CONDITION FINANCIAL CONDITIONS FINANCIAL CRISIS FINANCIAL DEEPENING FINANCIAL DEVELOPMENT FINANCIAL FLOWS FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL OPENNESS FINANCIAL POLICY FINANCIAL RISK FINANCIAL SECTOR FINANCIAL SECTOR POLICY FINANCIAL SECTOR REGULATION FINANCIAL SECTOR STRATEGY FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STRESS FINANCIAL SYSTEM FORMAL FINANCIAL INSTITUTION FUNDING SOURCE GLOBAL FINANCE GREATER ACCESS GROWTH IN BANK DEPOSIT GROWTH IN BANK DEPOSITS GROWTH OF DEPOSITS GROWTH RATE HOUSEHOLD ACCESS HOUSEHOLDS INCOME INCOME GROUPS INCOME LEVEL INFLATION INFORMATIONAL ASYMMETRY INSTRUMENT INSURANCE INSURED DEPOSITORS INTERNATIONAL BANK INVESTMENT FINANCING INVESTMENT IN SECURITIES LARGE DEPOSITORS LENDERS LEVEL OF INFLATION LEVERAGE LIQUID ASSETS LIQUIDITY LIQUIDITY POSITION LIQUIDITY RISK LOAN LOW-INCOME COUNTRIES MACRO-STABILITY MACROECONOMIC STABILITY MARKET INTEREST MARKET INTEREST RATES MIDDLE-INCOME COUNTRIES NATIONAL CURRENCY OUTPUT OUTSTANDING DEPOSITS OVERSEAS BANK POLICY RESPONSE POLICY RESPONSES POLITICAL ECONOMY PORTFOLIO POVERTY ALLEVIATION PRIVATE CREDIT PROVISION OF CREDIT PROVISIONING RULES PUBLIC DEPOSIT INSURANCE PUBLIC POLICY RETURN RETURNS RISK AVERSION RISK EXPOSURE RISK MANAGEMENT SAVINGS SAVINGS DEPOSITS SECURITIES SHARE OF ASSETS SMALL SAVERS SOURCE OF FUNDS SYSTEMIC BANKING CRISES SYSTEMIC BANKING CRISIS SYSTEMIC RISK TRADITIONAL DEPOSIT USE OF DEPOSITS VOLATILITY WHOLESALE FUNDING WITHDRAWAL WITHDRAWAL DEMAND WITHDRAWAL OF DEPOSITS WORLD DEVELOPMENT INDICATOR Han, Rui Melecky, Martin Financial Inclusion for Financial Stability : Access to Bank Deposits and the Growth of Deposits in the Global Financial Crisis |
| relation |
Policy Research Working Paper;No. 6577 |
| description |
In crisis times, depositors get anxious,
can run on banks, and withdraw their deposits. Correlated
withdrawals of bank deposits could be mitigated if bank
deposits are more diversified, that is, held by more
individuals. This paper examines the link between the
broader access to bank deposits prior to the 2008 crisis and
the dynamics of bank deposit growth during the crisis, while
controlling for relevant covariates. Employing proxies for
access to deposits and the use of bank deposits, the authors
find that greater access to bank deposits can make the
deposit funding base of banks more resilient in times of
financial stress. Policy efforts to enhance financial
stability should thus not only focus on macroprudential
regulation, but also recognize the positive effect of
broader access to bank deposits on financial stability. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Han, Rui Melecky, Martin |
| author_facet |
Han, Rui Melecky, Martin |
| author_sort |
Han, Rui |
| title |
Financial Inclusion for Financial Stability : Access to Bank Deposits and the Growth of Deposits in the Global Financial Crisis |
| title_short |
Financial Inclusion for Financial Stability : Access to Bank Deposits and the Growth of Deposits in the Global Financial Crisis |
| title_full |
Financial Inclusion for Financial Stability : Access to Bank Deposits and the Growth of Deposits in the Global Financial Crisis |
| title_fullStr |
Financial Inclusion for Financial Stability : Access to Bank Deposits and the Growth of Deposits in the Global Financial Crisis |
| title_full_unstemmed |
Financial Inclusion for Financial Stability : Access to Bank Deposits and the Growth of Deposits in the Global Financial Crisis |
| title_sort |
financial inclusion for financial stability : access to bank deposits and the growth of deposits in the global financial crisis |
| publisher |
World Bank, Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2013/08/18121066/financial-inclusion-financial-stability-access-bank-deposits-growth-deposits-global-financial-crisis http://hdl.handle.net/10986/16010 |
| _version_ |
1764432019860750336 |
| spelling |
okr-10986-160102021-04-23T14:03:27Z Financial Inclusion for Financial Stability : Access to Bank Deposits and the Growth of Deposits in the Global Financial Crisis Han, Rui Melecky, Martin ACCESS TO BANK ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO SAVINGS ACCOUNTING ACCOUNTING STANDARDS BANK ACCOUNT BANK ACCOUNTS BANK COMPETITION BANK CONCENTRATION BANK DEPOSIT BANK DEPOSITORS BANK DEPOSITS BANK FINANCING BANK LIQUIDITY BANK RUN BANK RUNS BANK STABILITY BANKERS ASSOCIATION BANKING CONCENTRATION BANKING CRISES BANKING CRISIS BANKING SECTOR BANKING SECTOR ASSETS BANKING SECTOR STABILITY BANKING SECTORS BANKING SERVICES BANKING SYSTEM BANKING SYSTEMS BLANKET DEPOSIT GUARANTEES BUSINESS CYCLE CAPITAL ACCOUNT CAPITAL CONTROLS CAPITAL SENDING COMMERCIAL BANKS CONCENTRATION RATIO CONSUMER PRICE INDEX CONTAGION CORPORATE GOVERNANCE CREDITORS CRISIS COUNTRIES CURRENCY DATA AVAILABILITY DEPOSIT BASE DEPOSIT FUNDING DEPOSIT GROWTH DEPOSIT GUARANTEES DEPOSIT INSURANCE DEPOSIT INSURANCE SCHEMES DEPOSIT MONEY BANKS DEPOSIT VARIABLES DEPOSIT WITHDRAWAL DEPOSIT WITHDRAWALS DEPOSITOR DEPOSITOR CONFIDENCE DEPOSITORS DEVELOPING COUNTRIES DEVELOPMENT BANK DIVERSIFICATION DOMESTIC FINANCIAL INTERMEDIATION DUMMY VARIABLE EARNINGS ECONOMIC DEVELOPMENT ECONOMIC GROWTH EMERGING MARKETS EQUILIBRIUM CREDIT EXPLICIT DEPOSIT EXPLICIT DEPOSIT INSURANCE EXPLICIT DEPOSIT INSURANCE SCHEME EXPLICIT DEPOSIT INSURANCE SCHEMES EXTERNAL FINANCING EXTERNAL FUNDING FINANCIAL ACCESS FINANCIAL CONDITION FINANCIAL CONDITIONS FINANCIAL CRISIS FINANCIAL DEEPENING FINANCIAL DEVELOPMENT FINANCIAL FLOWS FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL OPENNESS FINANCIAL POLICY FINANCIAL RISK FINANCIAL SECTOR FINANCIAL SECTOR POLICY FINANCIAL SECTOR REGULATION FINANCIAL SECTOR STRATEGY FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STRESS FINANCIAL SYSTEM FORMAL FINANCIAL INSTITUTION FUNDING SOURCE GLOBAL FINANCE GREATER ACCESS GROWTH IN BANK DEPOSIT GROWTH IN BANK DEPOSITS GROWTH OF DEPOSITS GROWTH RATE HOUSEHOLD ACCESS HOUSEHOLDS INCOME INCOME GROUPS INCOME LEVEL INFLATION INFORMATIONAL ASYMMETRY INSTRUMENT INSURANCE INSURED DEPOSITORS INTERNATIONAL BANK INVESTMENT FINANCING INVESTMENT IN SECURITIES LARGE DEPOSITORS LENDERS LEVEL OF INFLATION LEVERAGE LIQUID ASSETS LIQUIDITY LIQUIDITY POSITION LIQUIDITY RISK LOAN LOW-INCOME COUNTRIES MACRO-STABILITY MACROECONOMIC STABILITY MARKET INTEREST MARKET INTEREST RATES MIDDLE-INCOME COUNTRIES NATIONAL CURRENCY OUTPUT OUTSTANDING DEPOSITS OVERSEAS BANK POLICY RESPONSE POLICY RESPONSES POLITICAL ECONOMY PORTFOLIO POVERTY ALLEVIATION PRIVATE CREDIT PROVISION OF CREDIT PROVISIONING RULES PUBLIC DEPOSIT INSURANCE PUBLIC POLICY RETURN RETURNS RISK AVERSION RISK EXPOSURE RISK MANAGEMENT SAVINGS SAVINGS DEPOSITS SECURITIES SHARE OF ASSETS SMALL SAVERS SOURCE OF FUNDS SYSTEMIC BANKING CRISES SYSTEMIC BANKING CRISIS SYSTEMIC RISK TRADITIONAL DEPOSIT USE OF DEPOSITS VOLATILITY WHOLESALE FUNDING WITHDRAWAL WITHDRAWAL DEMAND WITHDRAWAL OF DEPOSITS WORLD DEVELOPMENT INDICATOR In crisis times, depositors get anxious, can run on banks, and withdraw their deposits. Correlated withdrawals of bank deposits could be mitigated if bank deposits are more diversified, that is, held by more individuals. This paper examines the link between the broader access to bank deposits prior to the 2008 crisis and the dynamics of bank deposit growth during the crisis, while controlling for relevant covariates. Employing proxies for access to deposits and the use of bank deposits, the authors find that greater access to bank deposits can make the deposit funding base of banks more resilient in times of financial stress. Policy efforts to enhance financial stability should thus not only focus on macroprudential regulation, but also recognize the positive effect of broader access to bank deposits on financial stability. 2013-10-02T16:14:42Z 2013-10-02T16:14:42Z 2013-08 http://documents.worldbank.org/curated/en/2013/08/18121066/financial-inclusion-financial-stability-access-bank-deposits-growth-deposits-global-financial-crisis http://hdl.handle.net/10986/16010 English en_US Policy Research Working Paper;No. 6577 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research |