文章基本信息

标题：WHEN PRIME DEPOSITORS RUN ON THE BANKS: A BEHAVIORAL APPROACH
本地全文：下载
作者：Natanael Waraney Gerald Massie ; Chaikal Nuryakin
期刊名称：Bulletin Ekonomi Moneter dan Perbankan
印刷版ISSN：1410-8046
电子版ISSN：2460-9196
出版年度：2020
卷号：23
期号：1
页码：139-152
DOI：10.21098/bemp.v23i1.954
出版社：Bank Indonesia
摘要：This paper examines the effect of two psychological attributes, namely an individual’srisk and time preference, on withdrawal decisions. Our sample is a pool of primedepositors in Indonesia, mainly due to the country’s deposit market being heavilyconcentrated on such depositors. We find that most of the prime depositors are riskaverse long-term depositors. The regression results show that there is a significantcorrelation between the decision to withdraw and individual risk and time preferencein most economic shock scenarios. The study concludes that a bank-run could happenif the rupiah depreciates by approximately 27% (from Rp 13,436 to Rp 17,000) andwhen there is a medium or a large bank failure.
关键词：Withdrawal Decision; Time Preference; Risk Preference; Bank Run; Prime Depositor