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Conference Paper: Risk sharing and stock price informativeness: evidence from stock-split natural experiment

TitleRisk sharing and stock price informativeness: evidence from stock-split natural experiment
Other TitlesFinancial inclusion for stability: access to bank deposits and the deposit growth during the Global Financial Crisis
Authors
KeywordsFinancial Inclusion
Access to Deposits
Deposit Withdrawals
Financial Stability
The 2008 Financial Crisis
Issue Date2012
PublisherThe Symposium.
Citation
The 2012 World Finance and Banking Symposium, Shanghai, China, 17-18 December 2012. In Programme, 2012, p. 39 How to Cite?
AbstractIn crisis times, depositors get anxious, can run on banks, and withdraw their deposits. Correlated deposit withdrawals of bank deposits could be mitigated if bank deposits are more diversified, i.e. held by more individuals. This paper examines the link between a broader access to bank deposits prior to the 2008 crisis and the dynamics of bank deposit growth in the crisis, while controlling for relevant covariates. Employing the proxies of Honohan (2008) for access to deposits and of Demirguc-Kunt and Klapper (2012) for the use of bank deposits, the authors find that greater access to bank deposits can make the deposit funding base of banks more resilient in times of financial stress. Policy efforts to enhance financial stability should thus focus not only on macroprudential regulation, but also recognize the positive effect of broader access to bank deposits on financial stability.
DescriptionSession: 66 -Asset Pricing
Title on paper: Financial Inclusion for Stability: Access to Bank Deposits and the Deposit Growth during the Global Financial Crisis
Persistent Identifierhttp://hdl.handle.net/10722/191773

 

DC FieldValueLanguage
dc.contributor.authorChang, Een_US
dc.contributor.authorLin, TCen_US
dc.contributor.authorMA, Xen_US
dc.date.accessioned2013-10-15T07:22:53Z-
dc.date.available2013-10-15T07:22:53Z-
dc.date.issued2012en_US
dc.identifier.citationThe 2012 World Finance and Banking Symposium, Shanghai, China, 17-18 December 2012. In Programme, 2012, p. 39en_US
dc.identifier.urihttp://hdl.handle.net/10722/191773-
dc.descriptionSession: 66 -Asset Pricing-
dc.descriptionTitle on paper: Financial Inclusion for Stability: Access to Bank Deposits and the Deposit Growth during the Global Financial Crisis-
dc.description.abstractIn crisis times, depositors get anxious, can run on banks, and withdraw their deposits. Correlated deposit withdrawals of bank deposits could be mitigated if bank deposits are more diversified, i.e. held by more individuals. This paper examines the link between a broader access to bank deposits prior to the 2008 crisis and the dynamics of bank deposit growth in the crisis, while controlling for relevant covariates. Employing the proxies of Honohan (2008) for access to deposits and of Demirguc-Kunt and Klapper (2012) for the use of bank deposits, the authors find that greater access to bank deposits can make the deposit funding base of banks more resilient in times of financial stress. Policy efforts to enhance financial stability should thus focus not only on macroprudential regulation, but also recognize the positive effect of broader access to bank deposits on financial stability.-
dc.languageengen_US
dc.publisherThe Symposium.-
dc.relation.ispartofWorld Finance & Banking Symposium 2012 Programmeen_US
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.subjectFinancial Inclusion-
dc.subjectAccess to Deposits-
dc.subjectDeposit Withdrawals-
dc.subjectFinancial Stability-
dc.subjectThe 2008 Financial Crisis-
dc.titleRisk sharing and stock price informativeness: evidence from stock-split natural experimenten_US
dc.title.alternativeFinancial inclusion for stability: access to bank deposits and the deposit growth during the Global Financial Crisis-
dc.typeConference_Paperen_US
dc.identifier.emailChang, E: ecchang@business.hku.hken_US
dc.identifier.emailLin, TC: chunlin@hku.hken_US
dc.identifier.authorityChang, E=rp01050en_US
dc.identifier.authorityLin, TC=rp01077en_US
dc.description.naturepostprint-
dc.identifier.hkuros225535en_US
dc.identifier.spage39-
dc.identifier.epage39-
dc.publisher.placeChina-

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