Seminar Series

2024 - 2025

Speaker: Alessandro Gavazza (LSE).

Title: “Bank Deposit Pricing in the Euro Area ”.

joint with U. Albertazzi, F. Faber, O-M. Georgescu and E. Lecomte (all London School of Economics) 

Date: Thursday, 7 November at 12h30 (Paris Time).

Abstract: We investigate the supply and demand drivers of bank deposit pricing in the Euro area during the period 2007–2023. We document that the pass-through of policy rates to deposit rates is low, most notably for sight deposits, and varies across the monetary policy regimes. The magnitude of the deposit rate pass-through is shaped by market structure and bank characteristics. We build and estimate an equilibrium model of bank deposit markets, and find that the price sensitivity of sight and term deposits displays large heterogeneity across countries, banks, and years. Our analysis highlights possible explanations for the sluggish increase of deposit rates following the recent hike in the European Central Bank’s policy rates starting in 2022.   

Here is a link to the speaker’s and the FEELab website:

https://sites.google.com/site/alessandrogavazza/home?authuser=0

https://sites.google.com/view/feelabtbs/

You are cordially invited to participate in the following seminar of the FEELab, which will take place in Room 321, Lascrosses building.

For more information, please contact: Pierre Mella-Barral p.mella-barral@tbs-education.fr