Do Irish households respond to deposit rates?
The recent nancial crisis highlighted the importance of stable funding and, in particular, customer deposits for the Irish banking sector. To ensure future viability, the domestic banks must maintain and grow their household deposit books. This letter focuses on the Irish household deposit market, describing some of the key developments in this segment during the crisis. It also tests if deposit movements are aected by dierences in deposit rates across the banks, over the period 2003Q1 through 2013Q2. The key ndings are that Irish householders are sensitive to dierences in rates across the banks, but this relationship only holds in the pre-crisis period (i.e., up to 2007Q4).
Year of publication: |
2014-04
|
---|---|
Authors: | Kelly, Jane ; O'Donnell, Nuala ; Sherman, Martina ; Woods, Maria |
Institutions: | Central Bank of Ireland |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Re-employment Probabilities for Unemployed Workers in Ireland
Conefrey, Thomas, (2013)
-
The Outlook for Credit in the Irish Economy
Lydon, Reamonn, (2011)
-
Modelling the corporate deposits of Irish financial institutions: 2009 - 2010
McQuinn, Kieran, (2012)
- More ...