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Stock Market Sentiment and the Draining of China's Savings Deposits


Richard C. K. Burdekin


Claremont McKenna College - Robert Day School

Luke Redfern


Credit Suisse

Economics Letters, Forthcoming
Robert Day School of Economics and Finance Research Paper No. 2008-10

Abstract:     
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, E41

Accepted Paper Series


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Date posted: October 13, 2008 ; Last revised: September 22, 2009

Suggested Citation

Burdekin, Richard C. K. and Redfern, Luke , Stock Market Sentiment and the Draining of China's Savings Deposits. Economics Letters, Forthcoming; Robert Day School of Economics and Finance Research Paper No. 2008-10. Available at SSRN: http://ssrn.com/abstract=1282373

Contact Information

Richard C. K. Burdekin (Contact Author)
Claremont McKenna College - Robert Day School ( email )
500 E. Ninth Street
Claremont, CA 91711
United States
Luke Redfern
Credit Suisse ( email )
United States
Feedback to SSRN (Beta)


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