Testing the law of one price in retail banking: An analysis for Colombia using a pair-wise approach

We apply a pair-wise approach to test the law of one price for deposit (lending) rates in Colombia. We find that when banks are of different sizes, deposit rates adjust quickly, suggesting a competitive environment. By contrast, lending rates adjust rapidly when banks are of similar sizes, supportin...

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Detalles Bibliográficos
Autores Principales: Iregui, Ana María, Otero, Jesus
Formato: Artículo (Article)
Lenguaje:Inglés (English)
Publicado: 2013
Materias:
Acceso en línea:https://repository.urosario.edu.co/handle/10336/23897
https://doi.org/10.1016/j.econlet.2012.09.013
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recordtype dspace
spelling ir-10336-238972022-05-02T12:37:21Z Testing the law of one price in retail banking: An analysis for Colombia using a pair-wise approach Iregui, Ana María Otero, Jesus Colombia Law of one price Retail interest rates We apply a pair-wise approach to test the law of one price for deposit (lending) rates in Colombia. We find that when banks are of different sizes, deposit rates adjust quickly, suggesting a competitive environment. By contrast, lending rates adjust rapidly when banks are of similar sizes, supporting market segmentation. © 2012 Elsevier B.V. 2013 2020-05-26T00:06:29Z info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion 1651765 https://repository.urosario.edu.co/handle/10336/23897 https://doi.org/10.1016/j.econlet.2012.09.013 eng info:eu-repo/semantics/openAccess application/pdf instname:Universidad del Rosario
institution EdocUR - Universidad del Rosario
collection DSpace
language Inglés (English)
topic Colombia
Law of one price
Retail interest rates
spellingShingle Colombia
Law of one price
Retail interest rates
Iregui, Ana María
Otero, Jesus
Testing the law of one price in retail banking: An analysis for Colombia using a pair-wise approach
description We apply a pair-wise approach to test the law of one price for deposit (lending) rates in Colombia. We find that when banks are of different sizes, deposit rates adjust quickly, suggesting a competitive environment. By contrast, lending rates adjust rapidly when banks are of similar sizes, supporting market segmentation. © 2012 Elsevier B.V.
format Artículo (Article)
author Iregui, Ana María
Otero, Jesus
author_facet Iregui, Ana María
Otero, Jesus
author_sort Iregui, Ana María
title Testing the law of one price in retail banking: An analysis for Colombia using a pair-wise approach
title_short Testing the law of one price in retail banking: An analysis for Colombia using a pair-wise approach
title_full Testing the law of one price in retail banking: An analysis for Colombia using a pair-wise approach
title_fullStr Testing the law of one price in retail banking: An analysis for Colombia using a pair-wise approach
title_full_unstemmed Testing the law of one price in retail banking: An analysis for Colombia using a pair-wise approach
title_sort testing the law of one price in retail banking: an analysis for colombia using a pair-wise approach
publishDate 2013
url https://repository.urosario.edu.co/handle/10336/23897
https://doi.org/10.1016/j.econlet.2012.09.013
_version_ 1740172104736702464
score 12,131701