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

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Iregui, Ana María
Otero Cardona, Jesús Gilberto

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2013

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Abstract
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.
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Colombia , Law of one price , Retail interest rates
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