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

Detalles Bibliográficos
Autores Principales: Iregui-Bohórquez, Ana María, Otero, Jesús
Formato: Documento de trabajo (Working Paper)
Lenguaje:Español (Spanish)
Publicado: Banco de la República 2012
Materias:
Acceso en línea:http://repositorio.banrep.gov.co/handle/20.500.12134/5778