Determinants of Foreign Currency Savings: Evidence from Google Search Data

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F16%3A43909831" target="_blank" >RIV/62156489:43110/16:43909831 - isvavai.cz</a>

Výsledek na webu

<a href="http://dx.doi.org/10.1016/j.sbspro.2016.05.481" target="_blank" >http://dx.doi.org/10.1016/j.sbspro.2016.05.481</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1016/j.sbspro.2016.05.481" target="_blank" >10.1016/j.sbspro.2016.05.481</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Determinants of Foreign Currency Savings: Evidence from Google Search Data

Popis výsledku v původním jazyce

This empirical study investigates the economic andpsychological factors influencing the households' saving preferences to savings currency focusing on the European Union (EU) countries outside the euro area with their own currencies. This paper focuses onbasic macroeconomic shocks given by International Fisher Effect, capital account and remittances while a special attention is put on perception and sentiments of economic agents. The main contribution of the paper is based on the sentiment indicators received from Google search data. To estimate the model we applied Bayesian Model Averaging because we have not appropriate economic theory to select Google search keywords.The main findings of this empirical study suggest that foreign currency savings are not affected by earning motives but only by the risks related to depreciation of international remittances and perception of selected risks, e.g. political risks and economic activity.

Název v anglickém jazyce

Determinants of Foreign Currency Savings: Evidence from Google Search Data

Popis výsledku anglicky

This empirical study investigates the economic andpsychological factors influencing the households' saving preferences to savings currency focusing on the European Union (EU) countries outside the euro area with their own currencies. This paper focuses onbasic macroeconomic shocks given by International Fisher Effect, capital account and remittances while a special attention is put on perception and sentiments of economic agents. The main contribution of the paper is based on the sentiment indicators received from Google search data. To estimate the model we applied Bayesian Model Averaging because we have not appropriate economic theory to select Google search keywords.The main findings of this empirical study suggest that foreign currency savings are not affected by earning motives but only by the risks related to depreciation of international remittances and perception of selected risks, e.g. political risks and economic activity.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

—

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2016

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Procedia - Social and Behavioral Sciences

ISBN

—

ISSN

1877-0428

e-ISSN

—

Počet stran výsledku

11

Strana od-do

166-176

Název nakladatele

Elsevier Science BV

Místo vydání

Amsterdam

Místo konání akce

Brno

Datum konání akce

10. 3. 2016

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000386948700020