Valadkhani, Abbas; Anwar, Sajid; Arjonandi, Amir - School of Accounting, Economics, and Finance, … - 2012
We present a new approach to evaluate the full extent of price stickiness in credit card interest rates by modifying the existing asymmetric models so that they can be adopted for testing both the amount and adjustment asymmetries as well as the lagged dynamic inertia. Consistent with similar...