Abstract
The purpose of this paper is to estimate the demand for deposits in Greece, using a constrained simultaneous equation system similar in principle to the Linear Expenditure System. The procedure allows us to calculate both the wealth and interest rate elasticities of demand for the various types of deposits and to measure the relative risk associated with each category of deposits.
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This paper has benefited significantly from the suggestions of the anonymous referees of this journal.
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Andrikopoulos, A.A., Brox, J.A. The demand for deposits and risk sensitivity: The case for Greece, 1955–1980. Empirical Economics 11, 197–206 (1986). https://doi.org/10.1007/BF01977001
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DOI: https://doi.org/10.1007/BF01977001