IDEAS home Printed from https://ideas.repec.org/p/cbi/ecolet/02-el-14.html
   My bibliography  Save this paper

Do Irish households respond to deposit rates?

Author

Listed:
  • Kelly, Jane

    (Central Bank of Ireland)

  • O'Donnell, Nuala

    (Central Bank of Ireland)

  • Sherman, Martina

    (Central Bank of Ireland)

  • Woods, Maria

    (Central Bank of Ireland)

Abstract

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 a ected by di erences in deposit rates across the banks, over the period 2003Q1 through 2013Q2. The key ndings are that Irish householders are sensitive to di erences in rates across the banks, but this relationship only holds in the pre-crisis period (i.e., up to 2007Q4).

Suggested Citation

  • Kelly, Jane & O'Donnell, Nuala & Sherman, Martina & Woods, Maria, 2014. "Do Irish households respond to deposit rates?," Economic Letters 02/EL/14, Central Bank of Ireland.
  • Handle: RePEc:cbi:ecolet:02/el/14
    as

    Download full text from publisher

    File URL: https://centralbank.ie/docs/default-source/publications/economic-letters/economic-letter---vol-2014-no-2.pdf?sfvrsn=10
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Grace, Therese & Hallissey, Niamh & Woods, Maria, 2015. "The Instruments of Macro-Prudential Policy," Quarterly Bulletin Articles, Central Bank of Ireland, pages 90-105, January.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cbi:ecolet:02/el/14. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Fiona Farrelly (email available below). General contact details of provider: https://edirc.repec.org/data/cbigvie.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.