Ítem
Acceso Abierto
Testing the law of one price in retail banking: An analysis for Colombia using a pair-wise approach
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Autores
Iregui, Ana María
Otero, Jesus
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Fecha
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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Keywords
Colombia , Law of one price , Retail interest rates
Citations
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https://www.scopus.com/inward/record.uri?eid=2-s2.0-84867132226&doi=10.1016%2fj.econlet.2012.09.013&partnerID=40&md5=b496d37f2c80cbc80d111f25d257a3e0
