Stock market sentiment and the draining of China's savings deposits

被引：9
|
作者：
Burdekin, Richard C. K. [1 ]
Redfern, Luke [1 ]
机构：
[1] Claremont Mckenna Coll, Claremont, CA 91711 USA
来源：
ECONOMICS LETTERS | 2009年 / 102卷 / 01期
关键词：
China; Savings deposits; Share prices; Sentiment; Shanghai;
D O I：
10.1016/j.econlet.2008.10.007
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This letter examines the importance of sentiment effects on asset allocation decisions in mainland China. While liquidity matters too. we find that rising stock market sentiment exerted a statistically significant negative effect on Chinese time deposit growth during 2003-2007. (C) 2008 Elsevier B.V. All rights reserved.
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页码：27 / 29
页数：3
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