The Macroeconomic Drivers for Household Deposits Growth in the Eurozone
The Macroeconomic Drivers for Household Deposits Growth in the Eurozone

Summary/Abstract: We analyzed the potential impact of macroeconomic indicators on deposit growth rate in the Eurozone area during January 2003-June 2019. We used OLS methodology (Ordinary Least Squares). We run specific tests for multicollinearity and stationarity and we added robust standard errors to correct heteroskedasticity for our panel data. The macroeconomic variables used in our analysis are: GDP annual growth rate, Inflation rate, Harmonized unemployment rate, Interest deposit rate, with agreed maturity lower than a year and also Interest deposit rate, with agreed maturity greater than a year, short-term debt securities, long-term debt securities and listed shares. Besides the unemployment rate, all the other variables have a positive impact on the household deposits growth rate.

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