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| 02277cam 2200373zi 4500 |
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| 001 | 9.878137 |
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| 003 | CaOODSP |
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| 005 | 20221107165146 |
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| 006 | m o d f |
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| 007 | cr cn||||||||| |
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| 008 | 190816t20192019onca ob f000 0 eng d |
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| 040 | |aCaOODSP|beng|erda|cCaOODSP |
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| 043 | |an-cn--- |
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| 086 | 1 |aFB3-5/2019-29E-PDF |
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| 100 | 1 |aDamar, H. Evren |q(Halil Evren)|eauthor. |
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| 245 | 10|aFlight from safety : |bhow a change to the deposit insurance limit affects households' portfolio allocation / |cby H. Evren Damar, Reint Gropp and Adi Mordel. |
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| 246 | 30|aHow a change to the deposit insurance limit affects households' portfolio allocation |
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| 264 | 1|aOttawa, Ontario, Canada : |bBank of Canada = Banque du Canada, |c2019. |
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| 264 | 4|c©2019 |
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| 300 | |a1 online resource (ii, 45, 3 pages) : |billustrations (some colour). |
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| 336 | |atext|btxt|2rdacontent |
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| 337 | |acomputer|bc|2rdamedia |
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| 338 | |aonline resource|bcr|2rdacarrier |
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| 490 | 1 |aBank of Canada staff working paper, |x1701-9397 ; |v2019-29 |
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| 500 | |a"August 2019." |
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| 504 | |aIncludes bibliographical references (pages 33-36). |
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| 520 | 3 |a"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. |
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| 692 | 07|2gccst|aSavings |
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| 692 | 07|2gccst|aInsurance |
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| 700 | 1 |aGropp, Reint, |eauthor. |
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| 700 | 1 |aMordel, Adi, |eauthor. |
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| 710 | 2 |aBank of Canada. |
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| 830 | #0|aStaff working paper (Bank of Canada)|v2019-29.|w(CaOODSP)9.806221 |
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| 856 | 40|qPDF|s1.25 MB|uhttps://publications.gc.ca/collections/collection_2019/banque-bank-canada/FB3-5-2019-29-eng.pdf |
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