Stock market sentiment and the draining of China's savings deposits

Richard Burdekin and Luke Redfern

Economics Letters, 2009, vol. 102, issue 1, 27-29

Abstract: This letter examines the importance of sentiment effects on asset allocation decisions in mainland China. While liquidity matters too, we find that rising stock market sentiment exerted a statistically significant negative effect on Chinese time deposit growth during 2003-2007.

Keywords: China; Savings; deposits; Share; prices; Sentiment; Shanghai (search for similar items in EconPapers)
Date: 2009
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