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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Autores:

Tipo de recurso:

Fecha de publicación:

2013

Institución:

Universidad del Rosario

Repositorio:

Repositorio EdocUR - U. Rosario

Idioma:

eng

OAI Identifier:

oai:repository.urosario.edu.co:10336/23897

Acceso en línea:

https://doi.org/10.1016/j.econlet.2012.09.013
https://repository.urosario.edu.co/handle/10336/23897

Palabra clave:

Colombia
Law of one price
Retail interest rates

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