Internet search volumes of UK banks during the crisis: The role of banking structure and business model

Ivo Arnold ()

Global Finance Journal, 2020, vol. 45, issue C

Abstract: This paper investigates the sensitivity of Google search volumes to the global financial crisis, using a large sample of UK banks. We find that abnormal volumes of searches on bank names are a timely indicator of credit risk, as measured by credit default swap rates, and are strongly related to crisis indicators. Search volumes for retail, private, and universal banks react more strongly than search volumes for other banks, suggesting that depositor concerns drive search volumes. Search volumes for internet banks and for European banks operating in the UK through branches are especially sensitive to crises.

Keywords: Financial stability; Banking structure; Branch model; Direct banking; Google (search for similar items in EconPapers)
JEL-codes: G01 G21 G28 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:glofin:v:45:y:2020:i:c:s1044028318302308

DOI: 10.1016/j.gfj.2019.05.001

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