00000nam 2200000zi 4500 9.878137 CaOODSP 20221107165146 m o d f cr cn||||||||| 190816t20192019onca ob f000 0 eng d CaOODSP eng rda CaOODSP n-cn--- FB3-5/2019-29E-PDF Damar, H. Evren (Halil Evren) author. Flight from safety : how a change to the deposit insurance limit affects households' portfolio allocation / by H. Evren Damar, Reint Gropp and Adi Mordel. How a change to the deposit insurance limit affects households' portfolio allocation Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2019. ©2019 1 online resource (ii, 45, 3 pages) : illustrations (some colour). text txt rdacontent computer c rdamedia online resource cr rdacarrier Bank of Canada staff working paper, 1701-9397 ; 2019-29 "August 2019." Includes bibliographical references (pages 33-36). "We study how an increase to the deposit insurance limit affects households' portfolio allocation by exogenously increasing the share of safe financial assets. Using unique data that identify insured versus uninsured deposits, along with detailed information on Canadian households' portfolio holdings, we show that households respond by drawing down deposits and shifting towards mutual funds and stocks. These outflows amount to 2.8% of outstanding deposits in the banking system. The empirical evidence, consistent with a standard portfolio choice model that is modified to accommodate uninsured deposits, indicates that more generous deposit insurance coverage results in non-trivial adjustments to household portfolios"--Abstract, page ii. gccst Savings gccst Insurance Gropp, Reint, author. Mordel, Adi, author. Bank of Canada. Staff working paper (Bank of Canada) 2019-29. (CaOODSP)9.806221 PDF 1.25 MB https://publications.gc.ca/collections/collection_2019/banque-bank-canada/FB3-5-2019-29-eng.pdf