為什麼在疫情期間會有大量存款匯入銀行?我們發現,銀行分行若位於2019冠狀病毒病感染率較高的地區,它們的存款利率較位於感染率較低的地區的銀行分行(即便是隸屬同一家銀行集團)為低。信貸提取、國家政策(如薪資保護計劃)以及避險措施並非導致這些銀行分行之間出現存款利率變化的原因。證據顯示,2019冠狀病毒病感染率較高的地區與當地民眾對其就業前景和收入減少的焦慮有連帶關係,導致民眾減少支出和增加銀行存款。
November 2021
The Review of Financial Studies

Prof. Yulin FANG

Prof. Z. Max SHEN

Prof. Jeffrey NG

Prof. Zhenhui Jack JIANG

Prof. Yulei LUO

Prof. Chicheng MA

Prof. Shipeng YAN

Prof. Yang YOU
Director, Institute of Digital Economy and Innovation
Professor
Vice-President and Pro-Vice-Chancellor (Research)
Chair Professor in Logistics and Supply Chain Management
The Hong Kong Jockey Club Professor in Accounting
Professor
Associate Director, HKU Jockey Club Enterprise Sustainability Global Research Institute
Professor of Innovation and Information Management
Padma and Hari Harilela Professor in Strategic Information Management
Director, AI Evaluation Lab
Professor
Deputy Area Head of Economics
Associate Professor
Associate Director, Centre for Quantitative History
Assistant Professor
Assistant Professor