This paper applies stationarity tests to examine evidence of market integration for a relatively large sample of food products in Colombia. We fi…nd little support for market integration when using the univariate KPSS tests for stationarity. However, within a panel context and after allowing...

This paper studies the dynamics of lending and deposit rates in four emerging markets in Latin America: Argentina, Chile, Colombia and Mexico. The dynamics of interest rates exhibit a regime-switching behavior, where the transition from one regime to the other is controlled by the interest rate...