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Investigating Banking Households' Deposits Using Vector Autoregressive Model Var


  • Adina Elena Danuletiu

    (‘1 Decembrie 1918‘ University of Alba Iulia Romania)

  • Iulia Cristina Iuga

    (‘1 Decembrie 1918‘ University of Alba Iulia Romania)

  • Adela Socol

    (‘1 Decembrie 1918‘ University of Alba Iulia Romania)


Nowadays, settling a proper and adequate relationship with the customers became aconcern of the banks, that have to "back to basics" and obtain the trust when interact with customers.Banking customers represented by the population's householders matter in banks' financing if weretain that in the last year, the household deposits represented 29.2% of total liabilities of creditinstitutions active in Romania. This paper argues that in order to study the influence factors thataffect the banking customers' behavior, it is important to consider the saving process of bankingcustomers as an exogenous dynamic phenomenon, while the study does not deny, but it notapproached another face of thinks - the endogenous influences. The paper examines if there exist anylong-run relationships between deposits made by the population's householders and their behaviorinfluenced by the interest rate on the deposits set up in banks by householders, the unemploymentrate, the monthly net wages in the economy and the consumer price index. We provide an unrestrictedVector Autoregression Model (VAR) in order to investigate the relationship between variablesmentioned above, using the data set on Romanian banking system, which covers the period January2007 - December 2012. Our research confirms the impact that the interest rate on deposits has onthe banking customers' behavior, mirrored in the deposits made with active banks in Romania by thepopulation's householders.

Suggested Citation

  • Adina Elena Danuletiu & Iulia Cristina Iuga & Adela Socol, 2014. "Investigating Banking Households' Deposits Using Vector Autoregressive Model Var," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(16), pages 1-8.
  • Handle: RePEc:alu:journl:v:1:y:2014:i:16:p:8

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    banking customers' behavior; deposits; Vector Autoregressive Model; impulse response; exogenousfactors;

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • C58 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Financial Econometrics
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages


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