In this paper we analyze trends of euro area
retail banks’ deposit at the early stages of Covid-19. It emerges that
overnight and total deposits placed by households and non-financial
corporations in the major euro area countries (Germany, France, Italy and
Spain) are “sluggish” and “sticky” even in an extraordinary period
characterized by unexpected shocks due to the ongoing pandemic. All this for
the benefit of solidity of the European banking and financial system and, more
broadly, of the systemic risk.
JEL classification number: G21.
Retail banks’ deposit, Households and non-financial corporations, Euro area.