Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/129082 
Year of Publication: 
2015
Series/Report no.: 
SAFE White Paper No. 31
Publisher: 
Goethe University Frankfurt, SAFE - Sustainable Architecture for Finance in Europe, Frankfurt a. M.
Abstract: 
European households face tremendous obstacles when intending to open a savings account outside their home country. The shortage of deposits has become a major reason for banks´ declining loan supply and ultimately is responsible for a substantial part of the investment weakness and GDP decline in affected European countries. Policy makers have made important efforts to promote European deposit market integration and to stimulate cross border flows of savings within the European Union. But these efforts will only yield the intended benefits if a number of additional non-tariff trade barriers are removed. Currently, these barriers prevent households in surplus countries to transfer their savings to banks in deficit countries where their deposits are most urgently needed.
Subjects: 
European market fragmentation
deposits
household finance
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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