The influence of product age on pricing decisions: An examination of bank deposit interest rate setting

R.D. Anderson; J.K. Ashton; R.S. Hudson

doi:10.1016/j.intfin.2014.03.010

The influence of product age on pricing decisions: An examination of bank deposit interest rate setting

R.D. Anderson
, J.K. Ashton
, R.S. Hudson

Ysgol Busnes Albert Gubay

Allbwn ymchwil: Cyfraniad at gyfnodolyn › Erthygl › adolygiad gan gymheiriaid

Crynodeb

Do banks extract rent from depositors who hold older deposit accounts? This study addresses this question using product level data from the UK instant access (branch based) deposit market. In this context, two research questions related to the conditions necessary for differential pricing for existing and new customers are assessed. Specifically whether more mature deposit accounts have lower interest rates and does the newest deposit account in a firm portfolio pay an interest rate premium? Empirical support is provided for both questions, with interest rate setting for new and existing deposit accounts also found to be influenced by firm type

Iaith wreiddiol	Saesneg
Tudalennau (o-i)	216-230
Cyfnodolyn	Journal of International Financial Markets, Institutions and Money
Cyfrol	31
Dynodwyr Gwrthrych Digidol (DOIs)	https://doi.org/10.1016/j.intfin.2014.03.010
Statws	Cyhoeddwyd - 3 Ebr 2014

Mynediad at Ddogfen

10.1016/j.intfin.2014.03.010

Constraining the loyalty penalty and complexity costs in retail financial service markets [REF2021]
Ashton, J. (Cyfranogwr)
Effaith: Cymdeithasol, Polisi a Gwasanaethau Cyhoeddus, Economegol
Financial Conduct Authority Consultation PAper - CP 20/01 'Introducing a Single Easy Access Rate for cash savings'
Ashton, J. (Cyfranogwr)
Effaith: Economegol

Dyfynnu hyn

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title = "The influence of product age on pricing decisions: An examination of bank deposit interest rate setting",

abstract = "Do banks extract rent from depositors who hold older deposit accounts? This study addresses this question using product level data from the UK instant access (branch based) deposit market. In this context, two research questions related to the conditions necessary for differential pricing for existing and new customers are assessed. Specifically whether more mature deposit accounts have lower interest rates and does the newest deposit account in a firm portfolio pay an interest rate premium? Empirical support is provided for both questions, with interest rate setting for new and existing deposit accounts also found to be influenced by firm type",

author = "R.D. Anderson and J.K. Ashton and R.S. Hudson",

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AB - Do banks extract rent from depositors who hold older deposit accounts? This study addresses this question using product level data from the UK instant access (branch based) deposit market. In this context, two research questions related to the conditions necessary for differential pricing for existing and new customers are assessed. Specifically whether more mature deposit accounts have lower interest rates and does the newest deposit account in a firm portfolio pay an interest rate premium? Empirical support is provided for both questions, with interest rate setting for new and existing deposit accounts also found to be influenced by firm type

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DO - 10.1016/j.intfin.2014.03.010

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JO - Journal of International Financial Markets, Institutions and Money

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ER -

The influence of product age on pricing decisions: An examination of bank deposit interest rate setting

Crynodeb

Mynediad at Ddogfen

Ôl bys

Effeithiau

Constraining the loyalty penalty and complexity costs in retail financial service markets [REF2021]

Financial Conduct Authority Consultation PAper - CP 20/01 'Introducing a Single Easy Access Rate for cash savings'

Dyfynnu hyn