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 when banks are of similar size, supporting market segmentation.

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Year of publication:	2012-09-17
Authors:	Iregui, Ana María ; Otero, Jesús
Institutions:	BANCO DE LA REPÚBLICA
Subject:	Law of one price \| retail interest rates \| Colombia

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Series:	BORRADORES DE ECONOMIA.
Type of publication:	Book / Working Paper
Notes:	1 pages long
Classification:	G21 - Banks; Other Depository Institutions; Mortgages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010763699