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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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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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 |