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Wealth shocks, credit-supply shocks, and asset allocation: evidence from household and firm portfolios

Author

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  • Schaeck, Klaus
  • Kick, Thomas
  • Onali, Enrico
  • Ruprecht, Benedikt
Abstract
We use a unique dataset with bank clients JEL Classification: D12, D13, G11, G21

Suggested Citation

  • Schaeck, Klaus & Kick, Thomas & Onali, Enrico & Ruprecht, Benedikt, 2014. "Wealth shocks, credit-supply shocks, and asset allocation: evidence from household and firm portfolios," Working Paper Series 1662, European Central Bank.
    • Handle: RePEc:ecb:ecbwps:20141662
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    Cited by:

    1. Dorothea Schäfer & Michael Stöckel & Henriette Weser, 2020. "Crisis Impact on the Diversity of Financial Portfolios: Evidence from European Citizens," Discussion Papers of DIW Berlin 1899, DIW Berlin, German Institute for Economic Research.
    2. Schäfer, Dorothea & Stephan, Andreas & Weser, Henriette, 2023. "Crisis stress for the diversity of financial portfolios — evidence from European households," International Review of Economics & Finance, Elsevier, vol. 83(C), pages 330-347.

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    More about this item

    Keywords

    asset allocation; bank distress; credit-supply shocks; sovereign debt crisis;
    All these keywords.

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • D13 - Microeconomics - - Household Behavior - - - Household Production and Intrahouse Allocation
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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