G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w24589
来源IDWorking Paper 24589
Deposit Inflows and Outflows in Failing Banks: The Role of Deposit Insurance
Christopher Martin; Manju Puri; Alexander Ufier
发表日期2018-05-14
出版年2018
语种英语
摘要Using unique, daily, account-level balances data we investigate deposit stability and the drivers of deposit outflows and inflows in a distressed bank. We observe an outflow of uninsured depositors from the bank following bad regulatory news. We find that government deposit guarantees, both regular deposit insurance and temporary deposit insurance measures, reduce the outflow of deposits. We also characterize which accounts are more stable (e.g., checking accounts and older accounts). We further provide important new evidence that, simultaneous with the run-off, gross funding inflows are large and of first-order impact — a result which is missed when looking at aggregated deposit data alone. Losses of uninsured deposits were largely offset with new insured deposits as the bank approached failure. We show our results hold more generally using a large sample of banks that faced regulatory action. Our results raise questions about depositor discipline, widely considered to be one of the key pillars of financial stability, raising the importance of other mechanisms of restricting bank risk taking, including prudent supervision.
主题Microeconomics ; Households and Firms ; Financial Economics ; Financial Institutions
URLhttps://www.nber.org/papers/w24589
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/582263
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Christopher Martin,Manju Puri,Alexander Ufier. Deposit Inflows and Outflows in Failing Banks: The Role of Deposit Insurance. 2018.
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