کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5089141 1375585 2013 20 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Why do people save in cash? Distrust, memories of banking crises, weak institutions and dollarization
ترجمه فارسی عنوان
چرا مردم پول نقد می گیرند؟ عدم اعتماد، خاطرات بحران بانکی، موسسات ضعیف و دلار سازی
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی
The paper analyzes why households hold sizeable shares of their assets in cash at home rather than at banks - a phenomenon that is widespread in many economies but for which information is scarce. Using survey data from ten Central, Eastern and Southeastern European countries, I document the relevance of this behavior and show that cash preferences cannot be fully explained by whether people are banked or unbanked. The analysis reveals that a lack of trust in banks, memories of past banking crises and weak tax enforcement are important factors. Moreover, cash preferences are stronger in dollarized economies where a “safe” foreign currency serves as a store of value.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Banking & Finance - Volume 37, Issue 11, November 2013, Pages 4087-4106
نویسندگان
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