Advanced Search
MyIDEAS: Login

Determinantes da Captação Líquida dos Depósitos de Poupança

Contents:

Author Info

  • Clodoaldo Aparecido Annibal
Registered author(s):

    Abstract

    This paper aims to contribute to the understanding of factors that affect the net inflow of savings deposits. To achieve this goal, the paper presents the impact of regulatory changes, which have occurred in the period from March 2003 to November 2011, had in attracting savings, uses quantitative methods to check the sensitivity of savings deposits to their interest rate, to the increased of the real population income and to the interest rate of alternative financial products. It also analyzes the variation of savings deposits by value range of application. The main conclusions of the study are that the increase of one basis point in the difference, net of tax collection, between financial products linked to the interbank floating rate (taxa DI) and the savings deposits interest rate reduces the net inflow of individuals daily savings deposits in values around R$ 1.39 million and R$ 1.48 million. As for corporations, this reduction would be between R$ 876 thousands and R$ 893 thousands. We also found evidence of precautionary savings. That phenomenon is characterized by the economic literature as the tendency of families to increase their reserves in the face of greater uncertainty about future income that, in this study, was measured by the unemployment rate of the economy. There were also indications that significant portion of savings deposits could be being used as a checking account and that the greater movement of savings deposits occurs in the accounts of the largest depositors.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.bcb.gov.br/pec/wps/port/wps301.pdf
    Download Restriction: no

    Bibliographic Info

    Paper provided by Central Bank of Brazil, Research Department in its series Working Papers Series with number 301.

    as in new window
    Length:
    Date of creation: Dec 2012
    Date of revision:
    Handle: RePEc:bcb:wpaper:301

    Contact details of provider:
    Web page: http://www.bcb.gov.br/?english

    Related research

    Keywords:

    This paper has been announced in the following NEP Reports:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:bcb:wpaper:301. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Francisco Marcos Rodrigues Figueiredo).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.