Han, RuiMelecky, Martin2013-10-022013-10-022013-08https://hdl.handle.net/10986/16010In crisis times, depositors get anxious, can run on banks, and withdraw their deposits. Correlated withdrawals of bank deposits could be mitigated if bank deposits are more diversified, that is, held by more individuals. This paper examines the link between the broader access to bank deposits prior to the 2008 crisis and the dynamics of bank deposit growth during the crisis, while controlling for relevant covariates. Employing proxies for access to deposits and 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 not only focus on macroprudential regulation, but also recognize the positive effect of broader access to bank deposits on financial stability.en-USCC BY 3.0 IGOACCESS TO BANKACCESS TO CREDITACCESS TO FINANCEACCESS TO FINANCIAL SERVICESACCESS TO SAVINGSACCOUNTINGACCOUNTING STANDARDSBANK ACCOUNTBANK ACCOUNTSBANK COMPETITIONBANK CONCENTRATIONBANK DEPOSITBANK DEPOSITORSBANK DEPOSITSBANK FINANCINGBANK LIQUIDITYBANK RUNBANK RUNSBANK STABILITYBANKERS ASSOCIATIONBANKING CONCENTRATIONBANKING CRISESBANKING CRISISBANKING SECTORBANKING SECTOR ASSETSBANKING SECTOR STABILITYBANKING SECTORSBANKING SERVICESBANKING SYSTEMBANKING SYSTEMSBLANKET DEPOSIT GUARANTEESBUSINESS CYCLECAPITAL ACCOUNTCAPITAL CONTROLSCAPITAL SENDINGCOMMERCIAL BANKSCONCENTRATION RATIOCONSUMER PRICE INDEXCONTAGIONCORPORATE GOVERNANCECREDITORSCRISIS COUNTRIESCURRENCYDATA AVAILABILITYDEPOSIT BASEDEPOSIT FUNDINGDEPOSIT GROWTHDEPOSIT GUARANTEESDEPOSIT INSURANCEDEPOSIT INSURANCE SCHEMESDEPOSIT MONEY BANKSDEPOSIT VARIABLESDEPOSIT WITHDRAWALDEPOSIT WITHDRAWALSDEPOSITORDEPOSITOR CONFIDENCEDEPOSITORSDEVELOPING COUNTRIESDEVELOPMENT BANKDIVERSIFICATIONDOMESTIC FINANCIAL INTERMEDIATIONDUMMY VARIABLEEARNINGSECONOMIC DEVELOPMENTECONOMIC GROWTHEMERGING MARKETSEQUILIBRIUM CREDITEXPLICIT DEPOSITEXPLICIT DEPOSIT INSURANCEEXPLICIT DEPOSIT INSURANCE SCHEMEEXPLICIT DEPOSIT INSURANCE SCHEMESEXTERNAL FINANCINGEXTERNAL FUNDINGFINANCIAL ACCESSFINANCIAL CONDITIONFINANCIAL CONDITIONSFINANCIAL CRISISFINANCIAL DEEPENINGFINANCIAL DEVELOPMENTFINANCIAL FLOWSFINANCIAL INFRASTRUCTUREFINANCIAL INSTITUTIONFINANCIAL INSTITUTIONSFINANCIAL INTERMEDIATIONFINANCIAL OPENNESSFINANCIAL POLICYFINANCIAL RISKFINANCIAL SECTORFINANCIAL SECTOR POLICYFINANCIAL SECTOR REGULATIONFINANCIAL SECTOR STRATEGYFINANCIAL SERVICESFINANCIAL STABILITYFINANCIAL STRESSFINANCIAL SYSTEMFORMAL FINANCIAL INSTITUTIONFUNDING SOURCEGLOBAL FINANCEGREATER ACCESSGROWTH IN BANK DEPOSITGROWTH IN BANK DEPOSITSGROWTH OF DEPOSITSGROWTH RATEHOUSEHOLD ACCESSHOUSEHOLDSINCOMEINCOME GROUPSINCOME LEVELINFLATIONINFORMATIONAL ASYMMETRYINSTRUMENTINSURANCEINSURED DEPOSITORSINTERNATIONAL BANKINVESTMENT FINANCINGINVESTMENT IN SECURITIESLARGE DEPOSITORSLENDERSLEVEL OF INFLATIONLEVERAGELIQUID ASSETSLIQUIDITYLIQUIDITY POSITIONLIQUIDITY RISKLOANLOW-INCOME COUNTRIESMACRO-STABILITYMACROECONOMIC STABILITYMARKET INTERESTMARKET INTEREST RATESMIDDLE-INCOME COUNTRIESNATIONAL CURRENCYOUTPUTOUTSTANDING DEPOSITSOVERSEAS BANKPOLICY RESPONSEPOLICY RESPONSESPOLITICAL ECONOMYPORTFOLIOPOVERTY ALLEVIATIONPRIVATE CREDITPROVISION OF CREDITPROVISIONING RULESPUBLIC DEPOSIT INSURANCEPUBLIC POLICYRETURNRETURNSRISK AVERSIONRISK EXPOSURERISK MANAGEMENTSAVINGSSAVINGS DEPOSITSSECURITIESSHARE OF ASSETSSMALL SAVERSSOURCE OF FUNDSSYSTEMIC BANKING CRISESSYSTEMIC BANKING CRISISSYSTEMIC RISKTRADITIONAL DEPOSITUSE OF DEPOSITSVOLATILITYWHOLESALE FUNDINGWITHDRAWALWITHDRAWAL DEMANDWITHDRAWAL OF DEPOSITSWORLD DEVELOPMENT INDICATORWorld Bank10.1596/1813-9450-6577