COVID-19, bank deposits, and lending()

During the pandemic, households accumulated savings in their deposit accounts as a result of a reduction in their spending, which occurred due to the restrictions on their mobility. This led to a significant increase in bank deposits for banks located in counties with a larger reduction in spending....

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Detalles Bibliográficos
Autores principales: Dursun-de Neef, H. Özlem, Schandlbauer, Alexander
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier B.V. 2022
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9378067/
https://www.ncbi.nlm.nih.gov/pubmed/35993089
http://dx.doi.org/10.1016/j.jempfin.2022.05.003
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author Dursun-de Neef, H. Özlem
Schandlbauer, Alexander
author_facet Dursun-de Neef, H. Özlem
Schandlbauer, Alexander
author_sort Dursun-de Neef, H. Özlem
collection PubMed
description During the pandemic, households accumulated savings in their deposit accounts as a result of a reduction in their spending, which occurred due to the restrictions on their mobility. This led to a significant increase in bank deposits for banks located in counties with a larger reduction in spending. Banks, in turn, used these additional funds to issue more real estate loans. This implies that policies that might affect household spending would lead to changes in the volume of deposits in the banking system, which have consequences on banks’ loan supply.
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spelling pubmed-93780672022-08-16 COVID-19, bank deposits, and lending() Dursun-de Neef, H. Özlem Schandlbauer, Alexander J Empir Finance Article During the pandemic, households accumulated savings in their deposit accounts as a result of a reduction in their spending, which occurred due to the restrictions on their mobility. This led to a significant increase in bank deposits for banks located in counties with a larger reduction in spending. Banks, in turn, used these additional funds to issue more real estate loans. This implies that policies that might affect household spending would lead to changes in the volume of deposits in the banking system, which have consequences on banks’ loan supply. Elsevier B.V. 2022-09 2022-06-02 /pmc/articles/PMC9378067/ /pubmed/35993089 http://dx.doi.org/10.1016/j.jempfin.2022.05.003 Text en © 2022 Elsevier B.V. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Dursun-de Neef, H. Özlem
Schandlbauer, Alexander
COVID-19, bank deposits, and lending()
title COVID-19, bank deposits, and lending()
title_full COVID-19, bank deposits, and lending()
title_fullStr COVID-19, bank deposits, and lending()
title_full_unstemmed COVID-19, bank deposits, and lending()
title_short COVID-19, bank deposits, and lending()
title_sort covid-19, bank deposits, and lending()
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9378067/
https://www.ncbi.nlm.nih.gov/pubmed/35993089
http://dx.doi.org/10.1016/j.jempfin.2022.05.003
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