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 size deposit rates adjust quickly, suggesting a competitive environment. By contrast, lending rates adjust rapidly
| Autores Principales: | , |
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| Formato: | Documento de trabajo (Working Paper) |
| Lenguaje: | Español (Spanish) |
| Publicado: |
Banco de la República
2012
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| Materias: | |
| Acceso en línea: | http://repositorio.banrep.gov.co/handle/20.500.12134/5778 |