Stock Market Sentiment and the Draining of China's Savings Deposits
Richard C. K. Burdekin
Claremont McKenna College - Robert Day School
Economics Letters, Forthcoming
Robert Day School of Economics and Finance Research Paper No. 2008-10
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.
Number of Pages in PDF File: 10
Keywords: China, savings deposits, share prices, sentiment, Shanghai
JEL Classification: O16, E41Accepted Paper Series
Date posted: October 13, 2008 ; Last revised: September 22, 2009
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