Low interest rates - do they revise household saving motives in the Euro area?

Katarzyna Kochaniak ()
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Katarzyna Kochaniak: Cracow University of Economics

"e-Finanse", 2016, vol. 12, issue 1, 43-56

Abstract: This paper presents the impact of decreasing MFI interest rates on household deposits and saving goals in 12 Monetary Union member countries in the years 2009-2015. It analyses tendencies in household deposits (overnight, with agreed maturity and redeemable at noti ce), and att empts to link them with certain household saving motives (target, reti rement and precauti onary). The paper identi fi es those deposit categories which appeared as sensitive to declining interest rates and indicates the Eurozone countries whose populations are expected to revise their savings plans. Precise implications are drawn for target saving motives of households in Austria, Cyprus and Malta. However, in the case of two other moti ves, the analysis does not conclude on the impact of decreasing MFI interest rates

Keywords: household deposits; MFI interest rates; household saving motives (search for similar items in EconPapers)
JEL-codes: D14 G01 G21 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:rze:efinan:v:12:y:2016:i:1:p:43-56

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