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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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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spelling 1f1a7996-5b8a-4390-bdc9-3ff88367043b-1792428146002020-05-26T00:06:29Z2020-05-26T00:06:29Z2013We 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.application/pdfhttps://doi.org/10.1016/j.econlet.2012.09.0131651765https://repository.urosario.edu.co/handle/10336/23897eng32No. 129Economics LettersVol. 118Economics Letters, ISSN:1651765, Vol.118, No.1 (2013); pp. 29-32https://www.scopus.com/inward/record.uri?eid=2-s2.0-84867132226&doi=10.1016%2fj.econlet.2012.09.013&partnerID=40&md5=b496d37f2c80cbc80d111f25d257a3e0Abierto (Texto Completo)http://purl.org/coar/access_right/c_abf2instname:Universidad del Rosarioreponame:Repositorio Institucional EdocURColombiaLaw of one priceRetail interest ratesTesting the law of one price in retail banking: An analysis for Colombia using a pair-wise approacharticleArtículohttp://purl.org/coar/version/c_970fb48d4fbd8a85http://purl.org/coar/resource_type/c_6501Iregui, Ana MaríaOtero Cardona, Jesús GilbertoORIGINALTesting_the_law_of_one_price_in_retail_b.pdfapplication/pdf786940https://repository.urosario.edu.co/bitstreams/eba77f4c-3d6a-409f-aaf9-945830557916/download0729a12756332a8710a98082208bb254MD51TEXTTesting_the_law_of_one_price_in_retail_b.pdf.txtTesting_the_law_of_one_price_in_retail_b.pdf.txtExtracted texttext/plain20275https://repository.urosario.edu.co/bitstreams/65ee1ebd-9bfc-4447-a9c2-bcfee6894d50/downloadf1baf211c5bdaedfb5f08fbada4e9826MD52THUMBNAILTesting_the_law_of_one_price_in_retail_b.pdf.jpgTesting_the_law_of_one_price_in_retail_b.pdf.jpgGenerated Thumbnailimage/jpeg5585https://repository.urosario.edu.co/bitstreams/795dd79e-c79f-4daa-b4fa-65cf5c61f549/downloadb79d6daf054258f2a8326b9fd7852a2dMD5310336/23897oai:repository.urosario.edu.co:10336/238972022-05-02 07:37:21.271694https://repository.urosario.edu.coRepositorio institucional EdocURedocur@urosario.edu.co
dc.title.spa.fl_str_mv Testing the law of one price in retail banking: An analysis for Colombia using a pair-wise approach
title Testing the law of one price in retail banking: An analysis for Colombia using a pair-wise approach
spellingShingle Testing the law of one price in retail banking: An analysis for Colombia using a pair-wise approach
Colombia
Law of one price
Retail interest rates
title_short Testing the law of one price in retail banking: An analysis for Colombia using a pair-wise approach
title_full Testing the law of one price in retail banking: An analysis for Colombia using a pair-wise approach
title_fullStr Testing the law of one price in retail banking: An analysis for Colombia using a pair-wise approach
title_full_unstemmed Testing the law of one price in retail banking: An analysis for Colombia using a pair-wise approach
title_sort Testing the law of one price in retail banking: An analysis for Colombia using a pair-wise approach
dc.subject.keyword.spa.fl_str_mv Colombia
Law of one price
Retail interest rates
topic Colombia
Law of one price
Retail interest rates
description 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.
publishDate 2013
dc.date.created.spa.fl_str_mv 2013
dc.date.accessioned.none.fl_str_mv 2020-05-26T00:06:29Z
dc.date.available.none.fl_str_mv 2020-05-26T00:06:29Z
dc.type.eng.fl_str_mv article
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dc.type.spa.spa.fl_str_mv Artículo
dc.identifier.doi.none.fl_str_mv https://doi.org/10.1016/j.econlet.2012.09.013
dc.identifier.issn.none.fl_str_mv 1651765
dc.identifier.uri.none.fl_str_mv https://repository.urosario.edu.co/handle/10336/23897
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https://repository.urosario.edu.co/handle/10336/23897
identifier_str_mv 1651765
dc.language.iso.spa.fl_str_mv eng
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dc.relation.citationEndPage.none.fl_str_mv 32
dc.relation.citationIssue.none.fl_str_mv No. 1
dc.relation.citationStartPage.none.fl_str_mv 29
dc.relation.citationTitle.none.fl_str_mv Economics Letters
dc.relation.citationVolume.none.fl_str_mv Vol. 118
dc.relation.ispartof.spa.fl_str_mv Economics Letters, ISSN:1651765, Vol.118, No.1 (2013); pp. 29-32
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