COVID-19 and Covered Deposits

14 Pages Posted: 2 Mar 2022

See all articles by Bert Van Roosebeke

Bert Van Roosebeke

Bank for International Settlements (BIS) - International Association of Deposit Insurers

Ryan Defina

Bank for International Settlements (BIS) - International Association of Deposit Insurers

Date Written: March 1, 2022

Abstract

Understanding and managing the risks associated with COVID-19 is a priority area of concern for deposit insurers on a global basis. This paper investigates quarterly growth rates of covered deposits and finds statistically significant evidence that during the first six quarters of the pandemic, quarterly growth of covered deposits has shifted upwards by 1.5 %-points. On a per-quarter basis, we find evidence of statistically significant increases in the second half of 2020.

Results are based on a September 2021 member survey conducted by the International Association of Deposit Insurers in conjunction with the State Corporation Deposit Insurance Agency (Russian Federation).

Suggested Citation

Van Roosebeke, Bert and Defina, Ryan, COVID-19 and Covered Deposits (March 1, 2022). Available at SSRN: https://ssrn.com/abstract=4043859 or http://dx.doi.org/10.2139/ssrn.4043859

Bert Van Roosebeke

Bank for International Settlements (BIS) - International Association of Deposit Insurers

Centralbahnplatz 2
Basel, 4051
Switzerland

Ryan Defina (Contact Author)

Bank for International Settlements (BIS) - International Association of Deposit Insurers ( email )

Centralbahnplatz 2
Basel, 4051
Switzerland

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