Academic Seminar Series
Deposit Shortages and Local Economic Activity
Nikos Paltalidis
Ecole de Management Léonard De Vinci
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Abstract
This paper examines the role of deposit cycles in driving economic fluctuations. We demonstrate that deposit rates effectively capture the balance between deposit supply and demand, serving as a sufficient statistic for overall deposit conditions. Rising deposit rates signal deposit scarcity, constraining credit expansion and dampening economic growth. Empirically, we find that higher deposit rates consistently predict regional economic contractions, outperforming traditional indicators and highlighting their role in shaping economic outcomes.
Nikos Paltalidis is an Associate Professor of Finance at EMLV (Ecole de Management Léonard De Vinci, Paris Campus), and a visiting Research Fellow at the University of Bath. He was educated at Bangor University of Wales (BA Economics), Cass Business School (MSc Mathematical, Trading and Finance) and University of Portsmouth (PhD Economics). His research lies in the area of Banking, Monetary Policy, Corporate Finance, and Macro-Finance with publications in Review of Finance, Journal of International Money and Finance and Journal of Banking and Finance. Though his research is mainly empirical, he also strives to employ theoretical models to derive new insights. More information is available at his personal web-site https://www.nikospaltalidis.com/.
This seminar will be online on Teams. Click here to attend
