Small depositors do not pose greater run risk – BIS paper
Authors say their findings imply financial inclusion need not create instability
People with smaller deposits appear no more likely to pull their money out of banks during periods of stress than those with larger holdings, according to research published by the Bank for International Settlements.
Dante Canlas, Johnny Noe Ravalo and Eli Remolona study the Philippines, which has been pursuing a financial inclusion drive since 2015 and also suffered a handful of bank failures since 2008. They focus on “extrinsic risks” – shocks to the banking sector or economy that change the
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