TY - JOUR
T1 - Testing the law of one price in retail banking
T2 - An analysis for Colombia using a pair-wise approach
AU - Iregui, Ana María
AU - Otero, Jesús
N1 - Copyright:
Copyright 2012 Elsevier B.V., All rights reserved.
PY - 2013/1
Y1 - 2013/1
N2 - 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.
AB - 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.
UR - http://www.scopus.com/inward/record.url?scp=84867132226&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84867132226&partnerID=8YFLogxK
U2 - 10.1016/j.econlet.2012.09.013
DO - 10.1016/j.econlet.2012.09.013
M3 - Article
AN - SCOPUS:84867132226
SN - 0165-1765
VL - 118
SP - 29
EP - 32
JO - Economics Letters
JF - Economics Letters
IS - 1
ER -
