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European households’ portfolios : from initial choice to final destination

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  • Valérie Oheix
  • Bruno Séjourné

Abstract

[eng] The object of this study is to estimate the final destination of European households’ savings. The first step is to isolate the amounts directly invested on the financial markets and those entrusted with the various financial intermediaries. At this stage, these informations provide empirical evidence about the level of intermediation in Europe. The second step consists in analysing the way financial institutions allocate the funds collected. Doing so, we make transparent the financial intermediaries, and the final destination of households’ savings appears. . JEL classifications : E20, G11

Suggested Citation

  • Valérie Oheix & Bruno Séjourné, 2001. "European households’ portfolios : from initial choice to final destination," Revue d'Économie Financière, Programme National Persée, vol. 64(4), pages 91-103.
    • Handle: RePEc:prs:recofi:ecofi_1767-4603_2001_num_64_4_4489
    DOI: 10.3406/ecofi.2001.4489
    Note: DOI:10.3406/ecofi.2001.4489
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    References listed on IDEAS

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    1. Schmidt, Reinhard H. & Hackethal, Andreas & Tyrell, Marcel, 1999. "Disintermediation and the Role of Banks in Europe: An International Comparison," Journal of Financial Intermediation, Elsevier, vol. 8(1-2), pages 36-67, January.
    2. John H. Boyd & Mark Gertler, 1994. "Are banks dead? Or are the reports greatly exaggerated?," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 18(Sum), pages 2-23.
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    More about this item

    JEL classification:

    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions

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