Financial stability and public confidence in banks

Jukka Sihvonen, Lucy Chernykh, Denis Davydov

Tutkimustuotos: TyöpaperiDiscussion paperScientific

Abstrakti

We use a novel, household opinions-based measure – Public Confidence in a Bank – to explore the role of bank-level and system-wide determinants of customers’ trust in banks. Our study covers a panel of approximately 260 large Russian commercial banks publicly monitored during 2010–2017. We find that public confidence in a bank is highly sensitive to the industry-level financial stability indicators, but less sensitive to bank-level risk characteristics. This result reveals an important role of overall banking sector stability in determining public perception of the safety and soundness of individual banks.
AlkuperäiskieliEnglanti
KustantajaBank of Finland
ISBN (elektroninen)978-952-323-262-4
TilaJulkaistu - 2019
OKM-julkaisutyyppiD4 Julkaistu kehittämis- tai tutkimusraportti taikka -selvitys

Julkaisusarja

NimiBOFIT Discussion Papers

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